There is no doubt the sentiment of AAPL’s shareholder base is sour, but the future is probably bountiful as consumers will likely pick tons of AAPL products. Away from the fundamentals for a moment, AAPL’s technical picture seems compelling for a variety of reasons.
The stock has recently reclaimed its 50 and 100 DMA from the bears. The two averages are now moving horizontally, a positive change from the negative slope they had previously. Additionally, according to Ichimoku Cloud analysis, Span A is above Span B for 81% of the prognosticated future price action bias. There are only 5 more days of negative cloud (Span A under Span B). The stock has grinded 2.5% higher after fighting up and through the negative cloud and yesterday’s low was precisely at the turning line or Tenkan Sen…respecting the study.
