Apple; Have we seen the bottom?

It was a terrible rite for Apple investors during the last months. The beloved stock was falling day by day. Imagine, there were so called experts, so called analyst who were speaking about $1000 per share. Months ago I was speaking about we might have here the very same development like we did have with Netflix. They were beating up terrible. We got the very same development by Apple. A big correction of 40% and not over 80% like we saw by Netflix in 2011. Nevertheless it was awful.

Looking this morning to the chart of Apple I got the impression things might change. Why? Looking at the trend of the last two weeks the stock price is going up. We have seen $420 and this Friday market closed by $461. 10% in two weeks. Not bad.

But are we sure the trend will continue or will loose the drive? Who knows, but the ADX is 43, +DM is above -DM, MACD looks healthy. The future will tell.

But as always: just my 5 cents...