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Keep An Eye On Apple

By Tim KnightStock MarketsMar 16, 2021 02:38PM ET
www.investing.com/analysis/keep-an-eye-on-apple-200567649
Keep An Eye On Apple
By Tim Knight   |  Mar 16, 2021 02:38PM ET
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Apple Inc (NASDAQ:AAPL) remains a terribly important stock to watch, since it is such a bellwether for the NASDAQ Composite as a whole. It has, for some weeks now, been carving out a series of lower highs, and even with this morning’s strong NASDAQ performance, AAPL could only muster a shooting star beneath its most recent “lower high.”

Apple Daily Chart.
Apple Daily Chart.

Let’s see if we get a gap down tomorrow. If so, we’ll have an island reversal pattern, and we may well be setting ourselves up for a lower low, perhaps following the Fed announcement.

Apple Daily Chart.
Apple Daily Chart.

Keep An Eye On Apple
 

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Keep An Eye On Apple

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Comments (5)
Zeb Fullmer
Zeb Fullmer Mar 16, 2021 7:38PM ET
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only a evening star if it opens lower tomorrow which it will not. More volume today than in previous days. Apple has finally woke.
Scott Espeseth
Scott Espeseth Mar 16, 2021 5:19PM ET
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Apple needs to come off 112 before we see a new up trend
Adam Wilburn
Adam Wilburn Mar 16, 2021 3:52PM ET
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They just had their best quarter in the history of the company, several new outperform ratings, and a price target of $170. And oh by the way talks of entering the EV space.
Miguel Massens
Miguel Massens Mar 16, 2021 3:41PM ET
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I think Apple wants to target 137, its 2020 closing price.
Shane Gg
Shane Gg Mar 16, 2021 2:41PM ET
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