Morningstar says that Apple is above "fair value" and the 50 week ema lies below trend support.
But the tech selloff is hurting companies vulnerable to inflation and rising credit yields. Apple is neither. Likewise, Apple is relatively invulnerable to the Biden tax plan.
Watch for reclaim of the 21 week ema for confirmation of this small bounce off of trend support and positive look on the two stochastics indicators shown in the chart.
But the tech selloff is hurting companies vulnerable to inflation and rising credit yields. Apple is neither. Likewise, Apple is relatively invulnerable to the Biden tax plan.
Watch for reclaim of the 21 week ema for confirmation of this small bounce off of trend support and positive look on the two stochastics indicators shown in the chart.