Apple is a sell, and could be a great short. Here is why:
Firstly, it is forming a rising wedge, which is a bearish pattern. The rising wedge is not formed yet, but is almost done forming. This pattern almost always reverses the stock price, and should be taken seriously.
Next, I added the indicator called "MA Cross". Which shows the 9 MA and the 21 MA. And the 21 MA just crossed above the 9 MA which is bearish.
I then wanted to use a tool called relative strength where you put the stock you are analyzing in the numerator, and a competitor in the denominator. So I added the ratio AAPL/MSFT. And over the last few months, this ratio has been falling. Which shows that Apple is under preforming its competitors.
Lastly, I wanted to include fundamental analysis in my research. So, I just shows Apple's revenue per quarter. And the last 2 quarters their revenue has been falling. Which could show that AAPL is overvalued.
This is why Apple is a short, and thanks for listening. Like and Follow!
Firstly, it is forming a rising wedge, which is a bearish pattern. The rising wedge is not formed yet, but is almost done forming. This pattern almost always reverses the stock price, and should be taken seriously.
Next, I added the indicator called "MA Cross". Which shows the 9 MA and the 21 MA. And the 21 MA just crossed above the 9 MA which is bearish.
I then wanted to use a tool called relative strength where you put the stock you are analyzing in the numerator, and a competitor in the denominator. So I added the ratio AAPL/MSFT. And over the last few months, this ratio has been falling. Which shows that Apple is under preforming its competitors.
Lastly, I wanted to include fundamental analysis in my research. So, I just shows Apple's revenue per quarter. And the last 2 quarters their revenue has been falling. Which could show that AAPL is overvalued.
This is why Apple is a short, and thanks for listening. Like and Follow!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.