Apple Inc.

2022년 10월 18일

Price target: 70.00/share

As part of my inverse big tech ETF...

Apple is another SHORT position going into this economic slowdown. Projecting AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level.

1) Cause: Operating margin are coming down. Effect: Apple cutting costs (Bearish setup)

2) Market cap still holding on which is why AAPL hasn't crashed yet.

3) Downward EPS revisions