Is the $AAPL Swan Dive Over?Posted in Trading Blog on November 13th, 2012 at 6:08 pm by Jeff White
The shine has come off of $AAPL since the release of the iPhone 5, and cash has been raised en masse since this stock briefly cleared $700. But with shares off 23%, the question on the minds of many is whether now is the time to buy.
There has definitely been a dip for those seeking a discount, so by that measure, prices may be attractive. However, for the astute trader, risk management is of paramount importance – even when buying a “solid company” like AAPL. (Just ask anyone who thought $630 was a bargain).
In this video, we’ll take a look at the chart and what needs to happen before the coast becomes (more) clear.
Run time is 3:56.
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