Two scenarios here:
1. Ascending wedge is in play and Apple re-tests 2018 lows. This would not be a good look.
2. Symmetrical triangle is in play and Apple breaks out after a bit of a rest.
Either way, this stock is going down short-term.
Furthermore, my analysis suggests that Apple stock price is the direct result of buyback efficacy. Net revenue is down, guidance is down, yet this stock continues to get bought for its dividend. I believe Q3 will show weakness, resulting in a break in their buyback strategy, revealing that this emperor truly wears no clothes.
Bias is leaning bearish.
1. Ascending wedge is in play and Apple re-tests 2018 lows. This would not be a good look.
2. Symmetrical triangle is in play and Apple breaks out after a bit of a rest.
Either way, this stock is going down short-term.
Furthermore, my analysis suggests that Apple stock price is the direct result of buyback efficacy. Net revenue is down, guidance is down, yet this stock continues to get bought for its dividend. I believe Q3 will show weakness, resulting in a break in their buyback strategy, revealing that this emperor truly wears no clothes.
Bias is leaning bearish.
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.