When To Buy Apple Shares?

When To Buy Apple Shares? Apple is starting to look better at a long-term glance. Does it splatter, and that makes it available for purchase? Let's look at the chart. Apple (AAPL) stocks have been very active and struggling for a few weeks. The latest model of the flagship iPhone was introduced in October. Following this, the company reported earnings on October 29, but caused a mixed reaction, with shares falling by about 6 percent in the following two days. Last Tuesday, the company announced its new line of Mac computers. In an effort to move away from Intel (INTC), it introduced the Macbook Air, Macbook Pro, and Mac Mini, which are synchronized with its own chip M1. Even new product announcements and a recent earnings report do not contribute to the market's volatile state. This includes post-election ups and downs, a pop-and-flop reaction in indices due to vaccine news, and drastic declines in growth stocks. Despite all this noise, the bulls wonder one thing about Apple: Is there finally a buy case?

When Apple shares were sold for earnings at the end of October, the shares found support in the $ 107 area when looking at the 100-day moving average.

This makes both of these levels critical areas to watch in case stocks fall again. However, that's not the case, at least for now. Last week, Apple stocks retraced the 50-day moving average and struggled with downtrend resistance (blue line). Apple struggling with downtrend resistance: From the highest in September to the lowest in October. This is similar to what investors have seen on both the Nasdaq and the S&P 500. However, Apple and its $ 2.02 trillion market cap are an enormous business to watch. Its failure to bounce would likely have a spillover effect on the market. That could be true on the bright side. The bulls, which broke the extreme bearish resistance on Wednesday, are hopeful that it is time to buy Apple. Let's see if the stocks will be able to pull back this week's high of $ 121.99. The above is opening the door to the October high of $ 125.17, which will be an upward rotation per month. On top of that, the all-time high is technically in the game and is around $ 137.74.

The downside is that the closing below the Tuesday low could be the focus for investors.

Not only does it pull stocks below this week's low, but it also brings Apple back below the 50-day moving average and downtrend resistance. At the very least, a close just below the $ 114.13 mark puts a 100-day return in the game and is followed by $ 107.14, the post-earning low. Below that, Apple could continue to test the September low at around $ 102 and a face value of $ 100. For now, no more extensive correction is not on the table, but this is possible if the stock starts spinning lower. In this case, a move below $ 100 can trigger a gap towards $ 96 and a test of the 200-day moving average, and all that will be healthy for me. For now, the bulls are watching today's leap for more positive potential. Source: https://www.thestreet.com/ You might also be interested in:

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