Sharp decline of all stocks across this sector, AAPL selling off from $328 down to $256. As previously charted, we considered this a temporary sell off or profit taking, a smaller correction. Once price hit $256, it triggered quite a bit of purchases. Volume rose quickly on Friday, and the day ended at $273. Aftermarket saw some increase in price, current asks are around $276.
I would not be suprised to see a nice return today, we may not be out of the danger zone yet, but we saw a great bounce off the 38.1% short term fib level, and a potential retrace set. Over the weekend, we saw an upgrade by Oppenheimer to Outperform and a target price of $320. Don't forget the actual quarterly profits of this stock, when considering 'the coronavirus sell-off'. This is a much sought after stock, and I think $256 was many peoples buy-in price.
I will be placing a market purchase today, we should see a good return on some stocks in this sector, and am a long term believer in this one.
I would not be suprised to see a nice return today, we may not be out of the danger zone yet, but we saw a great bounce off the 38.1% short term fib level, and a potential retrace set. Over the weekend, we saw an upgrade by Oppenheimer to Outperform and a target price of $320. Don't forget the actual quarterly profits of this stock, when considering 'the coronavirus sell-off'. This is a much sought after stock, and I think $256 was many peoples buy-in price.
I will be placing a market purchase today, we should see a good return on some stocks in this sector, and am a long term believer in this one.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.