Posted on 01/15/2016 2:12:11 PM PST by Up Yours Marxists
Apple (AAPL - Get Report) stock will fall to $80 or less in the next few months, according to comprehensive technical analysis.
That prediction is based on the same set of analytical tools that yielded this Oct. 2 forecast that Apple shares would rise to the $120 area after hitting an August low of $92.00. The same day that forecast was published, the stock closed at $109. By the end of November, the stock reached the target level and began to roll back down. In that analysis, the decision support engine's algorithms showed that after the stock tested $120, the shares would go even lower than the August low and would target $75 +/-$5, with an increasing probability of $60 +/-5. The following monthly bar chart shows the updated price behavior, but there's no change to the forecast. $80 remains the highest level the stock must test in order to complete the entire correction off the stock's peak near $133, with further bearish potential to the $60 zone.
(Excerpt) Read more at thestreet.com ...
Apple’s schtick has been creating new products with a fashionable flair. Without that, they are no different than any other hardware company.
Technical analysis by trader dunderheads. Spit.
Yes. Sell the fact that it is going down. A bunch of folks will rush in to short the stock. Then the insiders run up the price and take out the shorts on margin calls.
Some tool. . . October 2, 2015. AAPL had been hovering around 109 to 113 for a month. . . The drop to 92 in July, not August, had been for a single hour after a horrid FUD attack from YAHOO Financial claimed in a headline that Apple had missed their Revenue targets when in actual fact the only thing missed in a record breaking quarter was the number of iPhones sold was below an overblown Street expectation that was 5 million higher than Apple’s guidance! Use facts, it helps.
I do see what you are saying about the accuracy of these tools. Semantics, however, aren’t going to save Apple from the freefall of an overinflated stock market, especially when so many investors were told there was no limit to how “well” Apple would be performing in 2016.
In the last recession, while all other stocks for the most part, were declining, AAPL was the safe haven, seemingly immune from the market decline, even going up contrary to the market forces. It remains to be seen if it will do the same, once the nattering nabobs of negativity shut their traps after the Apple financial call in a week or so.
This time around it looks like the epicenter is China. I believe that's Apples biggest market, so it doesn't bode well.
What is their take on Netflix which I own? : )
Unfortunately it’s dropping like the rest of the stocks. Just not as hard as Apple.
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