Just7ce

What's the Intrinsic value of AAPL??

NASDAQ:AAPL   Apple Inc
Elliot wave suggests we have completed a "5" wave up formation, and I am expecting to see at least a "3" wave down correction. It's definitely overvalued even at the current price and the upside is very limited. Federal reserve really pushed literally every stock up quicker than expected. Long-term $AAPL will be complete of fine but in the next couple of months, I highly doubt it. Earning will be coming out this week, I do expect it to do good, as all earning seems to be during the pandemic no surprise there. Nonetheless, I see $AAPL coming down to the $87-$85 at least. We should see if start to bottom there, and continue the longer-term uptrend.
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