The Long Investor

$AAPL TOP 20

Added 2023-10-08 15:32:46 +0000 UTC

I think it seems appropriate to start this weekend's Top 20 List with $AAPL, as we have said many times before, when $AAPL moves, the market moves with it.

The $SPY and $QQQ declined just after $AAPL started its decline in late July, starting a chain of events that has lasted over 2 months.

$AAPL hit its 1.618 Fib, which is the perfect spot for Wave 3 and rejected from $198 to $167.

Just shy of the 200 Day MA at $164. This can regarded as the 200 Day MA acting as support.....everyone knew it was there, waiting for the bottom does not work and this is $AAPL, buyers and funds will always be interested in adding here.

So do I think it has started its reversal?....last week I was reluctant to say it as there was too many announcements due so I said it we needed to wait, even with the hot economica data coming in, $AAPL held up well.

I do believe that $AAPL's bottom is in now and my recommendation remains the same, any price below the blue line at $182 is giving value and you should be accumulating here if you like $AAPL.

$PLTR, $SE and $SPY have been uploaded late on Friday evening with no changes to their chart or plan.