Apple (AAPL) looks interesting. After gapping from about $195 to $179.46, the stock appears to have caught strong support. Plus, it’s severely over-extended and oversold on RSI, MACD, and Williams’ %R. From its current price of $179.46, we’d like to see it initially refill its gap around $195 a share. Eventually, we’d like to see AAPL above $200.
The pullback in Apple, in our opinion, is overdone – and it may be time to buy the blood in the streets, as Baron Rothschild would say. Or, as Warren Buffett still says, a “climate of fear is your friend when investing; a euphoric world is your enemy.”
Sincerely,
Ian Cooper
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