Friday, November 23, 2018

Apple: The new Rorschach test

I normally don't comment on individual stocks because I don't have the resources to analyze a zillion companies in detail, but here is a Black Friday thought on Apple, which kicked off a revolution in consumer electronics and created new product categories when it unveiled its iPods, IPads, and iPhones. The share price of Apple have cratered on reports of poor iPhone sales. The chart is a bull's nightmare. It broke down through the 190 key support level, and violated a long-term uptrend.

In some ways, AAPL is turning out to be a Rorschach test for investors and traders.

The full post can be found at our new site here.

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