Long

Long Apple

Updated

Last time RSI was this low was DEC 2018 BOTTOM before meteoric rise.

MACD is showing a Classic Bullish Divergence

P.E Ratio is around the P.E warren buffet bought more apple at.

Chart shows another falling wedge.

We are sitting on an .886 fib retrace that I did not draw on the chart, from the previous low to high.

Sentiment around apple is Poor (good time to be contrarian?)

Note

I would like to add that, with the billions shoved into NVIDIA chips, and AI research, It is time to start seeing a profitable use case. If there is a use case, AAPL will almost certainly be a beneficiary.

Upgrade cycle could be massive.

(of course, this is all fundamental stuff and not technical so not really my specialty. But if there will be a narrative that follows price higher, this could be it.)

Note

That's a nice move today. Bottom may very well be in.

AAPL along with TSLA and GOOG probably join the rally now, or at least help hold the indexes up as everything else goes down / sideways.

Being up while mostly everything else is down is a sign of strength.

Note

Apple Google AI.

What timing.

What timing.

how can the chart predict these things?

oh my.

Note

This gap was not able to fill, too much demand for this stock. The bottom is forming right before everyone's eyes, and will be a historical pivot point that people look back upon to study. Right before a meteoric run.

Note

Sorry guys, wrap it up and go home.

twitter.com/jimcramer/status/1770758353636982950

Note

So this looks really bad now.
Moving into the 150-159 range seems more and more likely.

Each time the williams %R moves below 52 we have seen the 200 week SMA eventually tested, except last time...

Im stepping away from this idea and waiting to buy lower.

MikeMM

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