But gravity seems to have caught up with the Apple as after peaking at $132 in the second quarter of 2015, the stock is in a bearish grip currently trading sub $100.
We had indicated a top in Apple as early as August 2015. See post.
http://eqtrend.blogspot.in/2016/01/august-2015-calling-top-in-apple.html
The following long term chart (quarterly) paints a gloomy picture for Apple stock price in future.
Apple may take support at the long term trend line at $80-82 which should hold. The divergence on the long term TO is worrisome, as if the long term trend line is broken, the stock may test $55 in the long run.
The price rise with lower volume during 2013-2015, indicate distribution at higher levels with smart money getting out.
The best of Apple may be behind us for a long time to come.
 |
| Apple Inc. Quarterly Chart |
