Apple Price Falls Fast As Markets Remain Weak
Verified Investing | Nov 01, 2016 03:42PM ET
The stock price of Apple Inc. (NASDAQ:AAPL) is falling fast as the markets remain weak into the elections. This is going to give investors like myself a great buying opportunity. After studying the stock chart, it appears the $107 - $105.50 range is the accumulation zone. As time goes on, the range will tighten as the two trend lines (seen in the stock chart below) get closer together. Ideally, I would like to buy shares of Apple Inc. into the elections, for an expected major rally after. Considering how strong Apple has been over the last few months, it will be one of the major beneficiaries. the Apple buy range takes into account a stock chart gap fill and a down-sloping trend line. Pretty cool stuff!
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