It is no secret that we are bearish on Apple.
Recent demand for iPhones has gone down rapidly. Revenue and income show sign of the company going ex-growth.
Price is now below the earning "rally".
The gap at 149-145 which should act as strong support is now broken.
We should be seeing more downside toward the 136 level.
On a longer time frame, we expect Apple to retest the low.
Disclaimer: This post is intended for educational purposes. It is not to be taken as investment advice, a personal recommendation, or a solicitation to buy or sell. Nimbus Capital Solution may or may not take trades based on the idea shared. We employed a hedge fund-liked long/short portfolio strategy which focuses on our portfolio as a holistic trading vehicle rather than on individual stock/trade. We also employ bespoke portfolio management and risk management strategies to reduce our overall risk. Your capital could be at risk should you copy our trade idea blindly. Nimbus Capital Solution takes no responsibility for losses incurred by blind copy traders.
Recent demand for iPhones has gone down rapidly. Revenue and income show sign of the company going ex-growth.
Price is now below the earning "rally".
The gap at 149-145 which should act as strong support is now broken.
We should be seeing more downside toward the 136 level.
On a longer time frame, we expect Apple to retest the low.
Disclaimer: This post is intended for educational purposes. It is not to be taken as investment advice, a personal recommendation, or a solicitation to buy or sell. Nimbus Capital Solution may or may not take trades based on the idea shared. We employed a hedge fund-liked long/short portfolio strategy which focuses on our portfolio as a holistic trading vehicle rather than on individual stock/trade. We also employ bespoke portfolio management and risk management strategies to reduce our overall risk. Your capital could be at risk should you copy our trade idea blindly. Nimbus Capital Solution takes no responsibility for losses incurred by blind copy traders.