Apple Inc.
AAPL
provides a rare example nowadays why we call negative price action short, and positive price action long: on the brim of the stock's all-time high, the bar sparks the strong analytical impulse to bet for a rebound to MA200. This would only confirm a long-upholding trend.
Events triggering this rebound could be:
- U.S. defaults on debt ceiling which hasn't been temporarily rescinded
- recession leads to consumer reticence in quality-of-life products, as seen before in tourism and meat
Next earnings are expected in summer. Concerning summer: it's a traditionally weak season for stocks, which wasn't the case for Apple in summer 2022, except the strength came from particular investment in a declining market.
But it is also possible that Apple breaks its ATH immediately without a rebound on trend channels or the MA200, in which event the further development of the stock has no historical reference until a correction.
AAPL
provides a rare example nowadays why we call negative price action short, and positive price action long: on the brim of the stock's all-time high, the bar sparks the strong analytical impulse to bet for a rebound to MA200. This would only confirm a long-upholding trend. Events triggering this rebound could be:
- U.S. defaults on debt ceiling which hasn't been temporarily rescinded
- recession leads to consumer reticence in quality-of-life products, as seen before in tourism and meat
Next earnings are expected in summer. Concerning summer: it's a traditionally weak season for stocks, which wasn't the case for Apple in summer 2022, except the strength came from particular investment in a declining market.
But it is also possible that Apple breaks its ATH immediately without a rebound on trend channels or the MA200, in which event the further development of the stock has no historical reference until a correction.