Since July, 2023 AAPL has been a laggard during a huge uptrend powered by developments in AI.
It definitely was not a place to put money in, at least for trend-following traders.
Currently AAPL form what is called dead-cross, with its MA-50 crossing down MA-200. I think, the stock might goes down further from here, although I never short any stocks.
What I am doing now is follow the strongest stocks at their new high, those are outperforming the overall market.
Regarding AAPL I am definitely keep an eye on this stock to participate in its comeback journey.
The stock is trading below all its key moving averages MA-50/150/200 right now. A move crossing up the lowest of these MA will be my first entry point.
Trade aktif
On March 20, we entered the stock as it crossed up its moving average MA-20. See the related ideas section below for details
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