The Long Investor
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$AAPL TOP 20
🕑 Added 2025-04-09 10:59:25 +0000 UTC$AAPL chart is getting beaten up.
Price is already below its 200 WMA, it has dropped from $260 to $169 and this company is heavily exposed to the US V CHINA Trade War as the majority of their production is made in China.
What's most alarming now is that its price action is moving in line with a correction that aligns with the low of 2008 and a high of 2024, which is a full cycle, meaning this is the nuclear armageddon correction for $AAPL.
We are seeing this on a lot of charts too, so $AAPL is not alone, $NKE, $EL, $INTC, $DIS are all showing the same thing.....but $AAPL is the largest company in the world, so this needs to be treated with the seriousness it deserves.
We can see that the price action is close to its 0.38 Fib at $161, which is the standard Wave A support level, which confirms out theory here
I still expect a bounce for Wave B next, along with the market and other Mega Caps but at this point I would expect a Wave B rejection under the 50 WMA next and a pull back further for Wave C.
$AAPL under $131 is as attractive as $AMZN under $140, $GOOG under $140 and $NVDA at $60.
