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Apple Investors Take a Seat and Wedge Out

Started by Zach Bass · 10 months ago

While this may seem like more of the same from my last prognostication, there are subtle differences. Yes, AAPL is still channel bound in a Pennant pattern, and the S&P and Naz are in their respective wedges, but They’ve consolidated even more and the trading range has ti ... Continue reading »

3 comments

  • Claudio Lizzola

    10 months ago

    For Apple investors that are still on cash this is clearly the moment in which a position should be established. Day traders may think differently but for people who want to go long the current price is probably the best for the next forseable future.
    reply
  • marcos

    10 months ago

    Lizzola has a good point. There are lots of choices to short stocks. Apple is not the best. The issue here is indifference and that has been driving or 'walking' the market lately. AAPL is at the cusp of a sustainable and major upward move. Volume is the key. No volume, no interest, no activity either way. Shorts can rule on light volume these days but haven't. Why haven't they? indifference.
    reply
  • ugggg

    10 months ago

    Well considering the economic news that came out today, the case for a bear market gets weaker.
    reply

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