Your Monday AAPL Update

by | Mar 27, 2023

With all the negative news out there over the financial sector, as well as the broader market, I’m reminded of the idea that the market will climb a wall of worry

As the chart above shows us, people clearly like Apple Inc. (AAPL) as a flight to safety right now. 

The definition of a technical uptrend involves higher highs and higher lows. We’re now seeing that with AAPL’s stock. So, since the bottom in January, we’re officially in an uptrend. 

We also have a MACD that’s bullish… which has been shown to lead to longer and more bullish payday cycles. Those that have been shorting Apple hoping for a big drop are looking at the wrong indicators. 

Remember, we trade off price and NOT the news. Technically speaking, $157 is our threshold.

If we break $157, I’ll be looking for a move to $145/$150.

If AAPL can hold this level – around $157 – we’re sideways to up and potentially breaking out.

We’ll see what happens when I check in with you again next Monday. 

Have a great week!


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