Hello fellow traders and investors, here's another trade idea. Apple has recently pulled back to the SMA200 and very close to the trendline, previously Apple tends to make a reversal whenever it approaches the trendline. If Apple makes a full recovery it offers a little bit over a 17% ROI .
Technicals: The RSI is indicating that APPL is oversold The VWAP is looking like an amazing support Volume is looking good aswell
When To Buy: Now
When To Sell: At the top of the channel.
Fundamentals: Apple , Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. Apple's P/E is 28, a P/S of 6.39, a debt/equity of 1.76, a sales growth Q/Q of 53.60%, an EPS growth Q/Q of 118.60%, a profit margin of 23.50% and a short float of 0.50%.
Rating: 100/100 because APPL is such a great company and isn't going anywhere anytime soon I'm not concerned about their fundamentals and technically APPL is trading at a discount.
NOTE: I will be buying some shares at open.
I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow and comment your thoughts. If you have any questions send me a message and I'll gladly respond. Thanks.
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