Watch 160 closely, followed by 155/156; these are the levels that should provide support. 160 beautifully happens to be around 100 day EMA, 0.5 FIB and right at TL retest, all enough reason for a bull bounce ahead of earnings that will dictate the longer term direction. Ugly H&S formation on the daily is noticeable and is cause for concern.
Is Apple in a bubble? Is it overvalued? Judge for yourself.
Apple PE Ratio as of January 21: 28.90
PE Ratio Range in the past 5 Years:
Minimum: 11.69, JAN 3 2019
Maximum: 41.80, DEC 28 2020
Average: 22.51
Median: 18.93
Is Apple in a bubble? Is it overvalued? Judge for yourself.
Apple PE Ratio as of January 21: 28.90
PE Ratio Range in the past 5 Years:
Minimum: 11.69, JAN 3 2019
Maximum: 41.80, DEC 28 2020
Average: 22.51
Median: 18.93
Note
Another killer call! 30 cents off my 155 floor and bounced more than 12.5% given the fundamentals have never been stronger despite all the inflation and rate-hike fears.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.