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Saturday, August 29, 2015

Charts... $aapl

The voodoo of technical analysis...

Strictly looking at a pattern, aapl is a temporary sell on overbought conditions via Slow STO.

I just have this really strong affinity toward fundamentals. Discipline is a bitch. But this maybe a time to ignore the pattern.

The weekly and monthly charts do not peg aapl being overbought. They are still in oversold territory. There is support and what seems like a recapturing structure from long term trends.

Fundamentally speaking, until im blue in the face, with Apple's current pace of technological execution, innovation and branding, it will be the first sustainable trillion dollar company. 

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