Apple (AAPL) Summer Correction Stock Trend Analysis

Companies / Apple Jun 05, 2021 - 07:09 PM GMT

I have been bearish on the prospects for Apple to go higher since last November and so far Apple has lived upto my expectations, and it's the first big stock on my list to be down on the year. Apple is trading on an an EC of 81 that is even higher than the 76 of last November. So despite the stock having gone nowhere for the pasty 8 months, I can't see what's going to propel it higher in the near future. Not a good buy at current levels so the Buy % is 35%.

The Apple stock chart is looking weak as after the January high of $145, Apple fell to $116, and has just made a lower high at $137. So it is looking probable that Apple is going to break below the $116 low to target support in the 103 to 105 area. Therefore my buying level for apple is $109, about 16% lower then where it is trading right now.

TOP AI Mega-trend Stocks Analysis

The rest of this extensive analysis that concludes in buying levels for AI tech stocks. AI Stock Buying Levels, Ratings, Valuations and Trend Analysis into Market Correction has first been made available to Patrons who support my work.

Contents:

TESLA
Cathy Wood ARK Funds CRASH!
India Apocalypse Heralds Catastrophe for Pakistan and Bangladesh
Covid-19 in Italy in August 2019!
Stock Market Early Summer Correction Trend Forecast
Stocks Expensive or Cheap Indicator (EC)
AI Stock Buy % Rating Review
1. GOOGLE - $2398
2. AMAZON - $3312
3. MICROSOFT - $252.5
4. APPLE - $130
5. FACEBOOK - $320
6. NVIDIA - $592.5
7. AMD - $78.8
11. IBM - $145.5
12. INTEL - $57.7
AI Stocks Buying Levels Update May 2021
So what am I going to do
GPU Mining FREE MONEY!
CHIA Crypto Farming with Your Hard Drives Insanity!

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Including my most recent analysis: Five More Small Cap Bio and Tech Stocks to Invest for 2021 and Beyond!

Invest and Forget
Stock Market Early Summer Correction Review
AI Stocks Strength vs Weakness
RAMPANT MONEY PRINTING INFLATION BIG PICTURE!
HIGH RISK STOCK BUYING LEVELS
RISK RATINGS
WESTERN DIGITAL - WDC $71 - CHIA! - Risk 1
Life Sciences Biotech Smaller Cap High Risk Stocks Investing Binge
Biotech stock 1 - Cheap Low Risk Pharma - Risk 1
Biotech stock 2 - HIGH RISK GENE EDITING - Risk 9
Biotech stock 3 - Low Risk 2
Biotech stock 4 - X10 for Max Risk 10
High Risk Stocks Portfolio Buying Levels
Covid India Black Mold Epidemic
Bitcoin and Raven Coin Buying Levels

My analysis schedule includes:

Bitcoin Trend Forecast - 50% done
More X10 Biotech Tech Stocks - 40% done
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How to Get Rich! - 70% done
US Dollar and British Pound analysis
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Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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