Apple’s stock price is your capitulation signal
December 15, 2022 Leave a comment
For those looking for that sign of capitulation and a significant low in equity markets, perhaps watching the stock price of Apple.
A price somewhere between $115 – $122 in the coming months would likely do it.
Apple is the last standout of the FAANGM stocks to mean revert back to its 200 week moving average. Last week, even honorary FAANGM stock, Tesla traded down to this mean.
A 20% drop in Apple may shakeout those using the stock as a safe place to hide.
Feel free to search through my blog about this 200 week moving average mean reversion, which I have been writing about for the past 18 months.
December 15, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 