An October Rebound For Apple

by forbes.com posted 5months ago 28 views
It is time to buy Apple. : On September 8th, in a posting entitled ‘A Weak September For Apple AAPL ’ I explained that Apple cycles had turned down. The conclusion was that “The $105 and $95 levels are reasonable downside targets.” The shares price hit an intraday low of $103.10 on September 21st. This was close enough to a standard 38.2% retracement of the March-September rally. Apple has shifted from the weakest month in the year to a strong month. October has been the strongest month in any year for the shares as we see in the histogram.

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