Apple Watch (continued)

Apple’s stock price was $143 when I wrote the latest note re-iterating my views on watching the last of the FAANGM (Facebook, Amazon, Apple, Netflix, Google and Microsoft) to fall and mean revert to their 200 week moving average.

Throughout my writings, my FAANGM acronym grew to include Nvidia and Tesla. I’ll call them TFAANNGM ?

Apple’s stock price is your capitulation signal

3 weeks on, the stock price is $125.

And so I’ll revise my Apple mean reversion target to $115 – $117.

Commensurately, Microsoft may trade down to $224 (+/- $4).

January 4, 2023

by Rob Zdravevski

rob@karriasset.com.au