The Long Investor

$AAPL TOP 20 UPDATE

Added 2023-03-23 11:47:56 +0000 UTC

I have been spending some time on this $AAPL chart, it has broke above the previous high now and its enroute to test the trend line above, which is the original trend line I had in until two weeks. I understand that people are buying up $AAPL $MSFT, as I explained at the weekend, it may be considered as a haven now and a safer bet as banks are looking delicate, WSJ confirmed this hypothesis today too. That being said, I can not rule out the possibility of a hard rejection at the trend line, this potential Wave 1 in Green, looks more like Subwave A of Wave B. It was incredibly long and strict and just not typical of a Wave 1, the pull back was short too for a potential Wave 2, although just about valid since it hit the 0.38 Fib, it is still short.

I believe $AAPL and $MSFT are behaving like outliers at the moment but it is difficult for me to see how this trend continues but for now, we'll let the charts decide, only difference to this chart is that I added in the amber ABC and added the higher trend line, everything else is the same.