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Keep An Eye On Apple

Published 03/16/2021, 02:38 PM
Updated 07/09/2023, 06:31 AM

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.

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.

Latest comments

only a evening star if it opens lower tomorrow which it will not. More volume today than in previous days. Apple has finally woke.
Apple needs to come off 112 before we see a new up trend
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.
I think Apple wants to target 137, its 2020 closing price.
Thanks
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