Going short on Apple here. By far the most overvalued company in the stock market right now, with a 2T market cap.
Below I will mention multiple indicators suggesting Apple will go through a big correction in the upcoming months:
1) Apple's P/E ratio is 22.57 (Stock is approximately priced in 22x it's actual worth)
2) Chart looks very bearish, with the broken trend line going for a retest here at around $137-140.
3) Along with Microsoft, it's the only tech giant that hasn't corrected 50+% over the last 12 months.
4) Earnings come out on the 25th of January, and the overall economic outlook suggests things could be slowing down for
APPL
5) LAST BUT NOT LEAST, APPLE IS A COMPANY THAT HAS BECOME INCREASINGLY RELIANT ON CHINA/TAIWAN, AND ANY WAR OR ESCALATION THAT COULD BREAK OUT BETWEEN THE TWO NATIONS WILL BE DEVASTATING FOR APPLE,
Below I will mention multiple indicators suggesting Apple will go through a big correction in the upcoming months:
1) Apple's P/E ratio is 22.57 (Stock is approximately priced in 22x it's actual worth)
2) Chart looks very bearish, with the broken trend line going for a retest here at around $137-140.
3) Along with Microsoft, it's the only tech giant that hasn't corrected 50+% over the last 12 months.
4) Earnings come out on the 25th of January, and the overall economic outlook suggests things could be slowing down for
APPL5) LAST BUT NOT LEAST, APPLE IS A COMPANY THAT HAS BECOME INCREASINGLY RELIANT ON CHINA/TAIWAN, AND ANY WAR OR ESCALATION THAT COULD BREAK OUT BETWEEN THE TWO NATIONS WILL BE DEVASTATING FOR APPLE,
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.