Apple's stock has been falling off a cliff recently,
as big money investors continues to dump the stock,
questioning whether the companies move to a more services growth company
over hardware ( the I-Phone ) will indeed pay off in the tremendous growth curve of past years
The recent decline in AAPL seems to be a strong case of big money distribution
for those who road the stock up from 140 last year, to above 210
selling to weaker handed investors, who are now dumping the stock as it falls at a loss.
However for those who believe that Apple will right it's ship,and begin to rise once again
AAPL has the intermediate potential of forming a Bullish Cup and Handle Pattern,
on this current decline ,as my annotation on the chart included shows.
It will thus be very important to quantify where this current decline bases,
and if, big money investors begin to accumulate the stock once again, at these levels
Current chart setup shows important support at the 175 level,
that needs to hold, for this bullish setup to take root.
THE_UNWIND
5/30/19
NEW YORK
as big money investors continues to dump the stock,
questioning whether the companies move to a more services growth company
over hardware ( the I-Phone ) will indeed pay off in the tremendous growth curve of past years
The recent decline in AAPL seems to be a strong case of big money distribution
for those who road the stock up from 140 last year, to above 210
selling to weaker handed investors, who are now dumping the stock as it falls at a loss.
However for those who believe that Apple will right it's ship,and begin to rise once again
AAPL has the intermediate potential of forming a Bullish Cup and Handle Pattern,
on this current decline ,as my annotation on the chart included shows.
It will thus be very important to quantify where this current decline bases,
and if, big money investors begin to accumulate the stock once again, at these levels
Current chart setup shows important support at the 175 level,
that needs to hold, for this bullish setup to take root.
THE_UNWIND
5/30/19
NEW YORK