|
Post by CdnPhoto on Nov 24, 2023 4:21:36 GMT -8
Good morning all.
AAPL is currently trading at $190.83 -0.48 (-0.25%) in the premarket. RSI is 71.61
Short day, markets close at 1:00pm EST.
Will the market go on a Black Friday shopping spree, or will they have a post Thanksgiving tryptophan overdose and skip the day for the most part. I predict the latter.
|
|
4aapl
Moderator
Posts: 3,649
|
Post by 4aapl on Nov 24, 2023 8:52:38 GMT -8
For those wondering or worrying about RSI, which I find to be helpful to put you into the right mindset but definitely not absolute, you can pick out parts of the 3 years chart that are quite different. schrts.co/DFuQQDSdFebruary through August this year had the RSI bumping around 70, as the stock just rose and rose. The opposite was late August last year, with the stock peaking around with an RSI around 75 and a share price of about 175. Nothing is ever completely in a vacuum, and the whole "Don't fight the Fed" and the overall market played a big role. I like Lucky's mindset here. Is there anything keeping AAPL from $200? Seems like just a slight positive outlook on the holiday season should be enough to drive it there and possibly beyond...even if the "no straight lines" path gives us some occasional red days like today.
|
|
|
Post by Luckychoices on Nov 24, 2023 16:08:30 GMT -8
Nice to see a second green week for the 7 stocks. MSFT is still doing really well and is now 111.3% greater than it's old ATH from 11/19/21...AAPL is the only other of the 7 to have set a new ATH this year and is 104.4% of its previous ATH from 01/03/22. If seeing AAPL so far above its old ATH doesn't float your boat...take a look at the table below. Starting from the market close today, 11/24/23, I backed up a year at a time back to 2018. I took the share price closest to 11/24 of each year...so it was plus or minus 2 days from 11/24. Each year, except 2022, shows a substantial % increase in share price. So, if you consider how AAPL has increased each year(except for 2022) over the last 5 years(YTD-46.2%)...and consider the 325.5% increase in share price from 2018, you should be *very* pleased you're invested/investing in AAPL. Cheers to the AFB members!!
|
|