AAPL Head&Shoulder Update - Wave analysis

10 giu 2021

An update on the APPL head&shoulder ...I had to dignify and justify the previous analysis with market principles ,which of course is the powerful Elliot wave principle ,and currently we're on the corrective down-turn . All fibnacci levels have been respected in the course of the 5 wave structure thus substantiating the expected bearish move, however the prevailing sentiment for this stock is ''Long term buy'' ,but considering the fundamental facets of Apple Inc is that having them produce a self-driving car and not showing progress in their ascending iPhone models will somewhat result in a decline on revenue and balance sheet and the bearish pressure will accentuate and hopefully prevail.


Note : This information should not regarded as financial advice ,rather an opinion of my own based on my perspective and financial market knowledge!