I am generally bearish on AAPL, mainly because of the following technical reasons i posted earlier
Funny how nobody liked it even though it was dead right... at least I made some good money out of it...
Looking at it now I think it is likely to turn lower to continue an AB=CD correction down to around 66.77 would be fantastic (down for a garltey buying pattern and also a gap close...
I don't usually look at fundamentals, but Tradingview is such a good platform that it has these available anyway, so I dropped on gross profit, Debt to equity and Gross Margin, 3 simple measures
Not surprisingly Apple is a cash making machine with gross profit rising, however the debt over the last 2 years has risen very quickly due to the management not wanting to repatriate overseas funds and pay taxes.... which leads onto the final indicator below of Gross Margin,
While profits and the stock price are rising - the gross margin is falling and diverging, if interest rates rise in coming months as the fed raises the feed funds rate these debt costs will start to take a bigger bite out of this apple's profits....so I bias is still for lower prices to ~$67 at which point I would consider buying
Funny how nobody liked it even though it was dead right... at least I made some good money out of it...
Looking at it now I think it is likely to turn lower to continue an AB=CD correction down to around 66.77 would be fantastic (down for a garltey buying pattern and also a gap close...
I don't usually look at fundamentals, but Tradingview is such a good platform that it has these available anyway, so I dropped on gross profit, Debt to equity and Gross Margin, 3 simple measures
Not surprisingly Apple is a cash making machine with gross profit rising, however the debt over the last 2 years has risen very quickly due to the management not wanting to repatriate overseas funds and pay taxes.... which leads onto the final indicator below of Gross Margin,
While profits and the stock price are rising - the gross margin is falling and diverging, if interest rates rise in coming months as the fed raises the feed funds rate these debt costs will start to take a bigger bite out of this apple's profits....so I bias is still for lower prices to ~$67 at which point I would consider buying
