Below is the chart of what I interpret Paul is saying. Remember his chart is truncated, I filled up the rest. So far, AAPL didn’t break below (2), we can give him the benefit of doubt, so long didn’t break below the START of the impulse, we deem his count is valid. Even though I don’t agree with his count on MRNA, I deem him correct to label the count that way… whoever follow the trade made money so it works we are not purists… the goal is to make money and not be academically correct. Let’s whether he is twice lucky… according to @manch, a broken clock is right twice a day. Btw, I don’t think the saying works for digital clocks… there is no display.
This info is provided for entertainment purpose only, is not a financial advice to buy, sell or trade AAPL.
Daryanani also projects Apple Arcade and Apple TV+ to reach 80 million to 90 million subscribers each over the next five years. He maintained his Overweight rating and $163 price target on Apple shares.
I see $163 EW target on the 10 yr weekly chart on AAPL. For ultra bull, targets go as high as $180-$200 ($3T ), please don’t say is not possible when no product for sale companies can be worth over $10B. Remember Fed is printing money like a drunken so US dollar is depreciating very fast! So US$3T doesn’t mean much - may be should trade AAPL is bitcoin
According to my level 5 EW analysis of AAPL, so long AAPL didn’t break below $107, can assume $145.09 is completion of wave 5.i and not wave 5. Below is the daily chart of AAPL (too lazy to check whether I have posted before nor update it)…
I understood your strategy. I am not a newbie. Just teasing you. Cathie is doing similar. Is why I commented that Cathie has prepared for and is managing the correction well.
Generic approach for preparing for imminent correction…
Before correction,
Sell high beta stocks, buy low beta stocks
Bottom of correction,
Sell low beta stocks, buy high beta stocks
Why not just sell stocks, stay cash?
1st. Investors will think they don’t need you
2nd. Golden rule of buy n hold, no cash*, always invested
Note * @manch considers that as preparation for hyperinflation Add that as another reason not to hold cash.
Anyhoo, I think Cathie manages well. Ofc, ditto for @Jil you need that stroke right?
well if it continues than Apple will be less valuable to firms like Google and FB and ultimately these countries will tell Apple just sell empty shell phone with Apple logo without any software.