AAPL: Monitoring the correction progress
Updated
My analysis of the stock tells me AAPL will reach very interesting levels of valuation once the decline ends.
This might coincide with the Q2 earnings report, so I reccomend patiently waiting and monitoring VIX and the price action on chart, to look for a long entry for the rest of the year. Yes, I anticipate a decline here, but it's not doomsday like CNBC would have you thinking, simply a correction, or continuation of the decline from the top.
AAPL is a profitable company, with solid fundamentals, and a potentially great investment in the long term, so finding the right dips to buy is always a profitable endeavor.
I'm not looking to short profitable companies, and neither should you.
I'll update the chart with my long entry once it's safe to enter. For now, don't believe the punters, the news, or fear mongers. Stay logical, and do your own research. If you want to profit from a correction in equities, you can short overvalued companies like NFLX, FB, MSFT for example and avoid shorting stocks more suitable for longs when safe. You may also look for stocks that outperform the market, or act as safe havens, usually either high yielding solid businesses, like WFM, WMT, MKC or mining companies, precious metals' ETFs, etc.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
This might coincide with the Q2 earnings report, so I reccomend patiently waiting and monitoring VIX and the price action on chart, to look for a long entry for the rest of the year. Yes, I anticipate a decline here, but it's not doomsday like CNBC would have you thinking, simply a correction, or continuation of the decline from the top.
AAPL is a profitable company, with solid fundamentals, and a potentially great investment in the long term, so finding the right dips to buy is always a profitable endeavor.
I'm not looking to short profitable companies, and neither should you.
I'll update the chart with my long entry once it's safe to enter. For now, don't believe the punters, the news, or fear mongers. Stay logical, and do your own research. If you want to profit from a correction in equities, you can short overvalued companies like NFLX, FB, MSFT for example and avoid shorting stocks more suitable for longs when safe. You may also look for stocks that outperform the market, or act as safe havens, usually either high yielding solid businesses, like WFM, WMT, MKC or mining companies, precious metals' ETFs, etc.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Note
On track, waiting for the correction to end to go long.
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