Should I buy Apple now?
Looks like it failed as it approached its old resistance level - unless it's forming another pattern I'm not seeing. Thoughts????
Answers
119 points
wiseone answered one year ago …
Not yet. It is now 15 points off its recent high and today it closed below its 20 dayEMA, usually a significant point. There is trading weakness here and you probably will be able to buy it much closer to 165 if you want to jump in. Never try to catch a falling knife, as the old timers say.- wait for the bounce, at least.
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106 points
noah answered one year ago …
wiseone brings up good points but if you look into their future i believe they will get even higher. they have some great patents that have been awarded and their computer sales are solidly growing as well in the personal and business market. not to mention the phone market that they have already started to carve into. with a 3g iphone coming out as well as a new model phone in the rumor-mill i believe AAPL will continue to be regarded as one of the "Four Horsemen" in technology and a solid choice. im holding long term on this one
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