Here’s Where I’ll Buy Apple
InTheMoneyStocks.com | Sep 20, 2017 03:01PM ET
Apple (NASDAQ:AAPL) fell sharply on Wednesday, as more and more analysts are wondering if the iPhone X is good enough to cause a super-cycle upgrade. Coming off all-time highs, expectations of a massive upgrade cycle were already built into the stock. This worry will continue as the latest iPhone is set to be delayed until early 2018, which means months of question marks.h3 Support/h3
I expect Apple to continue its decline until it hits major support at $142 — a level that represents a major trend line of support as well as the daily 200 moving average. The combination of these two support levels will create a strong bounce back to $150.
That's when I'll make my move.
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