Price target: $70.00/share
As part of my inverse big tech ETF...
Apple is another SHORT position going into this economic slowdown. Projecting
AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level.
1) Cause: Operating margin are coming down. Effect: Apple cutting costs (Bearish setup)
2) Market cap still holding on which is whyAAPL hasn't crashed yet.
3) Downward EPS revisions
As part of my inverse big tech ETF...
Apple is another SHORT position going into this economic slowdown. Projecting
AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level. 1) Cause: Operating margin are coming down. Effect: Apple cutting costs (Bearish setup)
2) Market cap still holding on which is why
AAPL hasn't crashed yet. 3) Downward EPS revisions
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.