Apple buy or sell

Where is Apple going for the next years ?
We have done a Technical Analysis on Apple (NASDAQ:AAPL) on M1 timeframe, which provide our version of the future price of Apple.

Over the last 9 years, we have seen the price test the MA50 line 3 times. Every time, the MA50 line has worked as support and rejected the price and there has been an increase in prices just after testing MA50.
If you look at the chart, you will see that the decrease of price happens when the gap between the price and the MA50 line is reaching a certain level. Also note, that the MACD Signal shows the rhythm and the price react to that.

Apple has increased in price since july 2016, but back in april the MACD nearly gave a sell signal, but the price managed to go up.
The top might now be now, but resistance around 230 will be a natural place to consolidate.

Now the gap between MA50 and the price is very big. Often after a rally like this, the gap becomes to big and the market adjust the price.
On the long term, we might see a decrease of price to MA50 level which could be a drop of 30%-40% as the last 2 times back in 2013 and 2016.
MACD showed a little weakness back in april, but otherwise no indications of drop in price yet. We are looking forward to see the candle for september month as it might tell us more.

Anyway, on the long term (2018-2020), we would look for a signal and time to sell off Apple (NASDAQ:AAPL), mainly because the rally/gap and also because of MACD weakness.
You can use another timeframe, like Weekly or Daily to find a better signal and time to exit this trade.

Apple buy or sell

Apple buy or sell

Also take a look, at our watchlist : Stocks to watch week 35 2018