Apple, what a ride
On September 25th Apple stock created a Sell signal by $673.54 . The price for stock went down like in a book to $649 last Tuesday. The stock created a Buy signal and I thought it is really like in the book. Investors take the profit in, value goes down and new investors will step in. Worked perfect in an increasing channel.
But last Friday the chart went out of the channel, going to the south and created again a Sell signal. Well, that was certainly not like in the book. I was worry we might see here another Netflix. But today the value was up again to $634.03, back again to the lower edge of the increasing channel. Let us see how it will work tomorrow. According to all the other indicators i.e. -DI / +DI, MACD the correction is not over. There is still a risk the line will drop again. But less face it. If Apple will fall how about all the other companies who are not in such a good condition like Apple. No one really needs that. We do not need another Netflix.
But as always: Just my 5 cents....
On September 25th Apple stock created a Sell signal by $673.54 . The price for stock went down like in a book to $649 last Tuesday. The stock created a Buy signal and I thought it is really like in the book. Investors take the profit in, value goes down and new investors will step in. Worked perfect in an increasing channel.
But last Friday the chart went out of the channel, going to the south and created again a Sell signal. Well, that was certainly not like in the book. I was worry we might see here another Netflix. But today the value was up again to $634.03, back again to the lower edge of the increasing channel. Let us see how it will work tomorrow. According to all the other indicators i.e. -DI / +DI, MACD the correction is not over. There is still a risk the line will drop again. But less face it. If Apple will fall how about all the other companies who are not in such a good condition like Apple. No one really needs that. We do not need another Netflix.
But as always: Just my 5 cents....
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