AAPL Projections

8 Mar 2022

Analysis done on daily candles. The 2020-2021 markets brought forth a rally in many stocks that didn't deserve the valuations they rallied to so the recent months have been especially directed to correct those companies that were flying too high. The last couple years were mostly focused on a technical analysis and overall market hype, but the recent months have proven that fundamental analysis is crucial to manage a successful portfolio. Fundamental analysis will tell you that a company like ROKU should've never traded at a market cap of nearly 100 billion dollars when their revenue peak has been 2.7 billion...just one example. Apple's revenue has topped over 350 billion last year so its valuation is justified; therefore they are holding much stronger against the correction. The stock's daily candle is one of the only tech stocks that's currently trading above its 200 day moving average, which is a support that investors use to measure the health of the current position of the stock. Although the short term picture in the market is heavily influenced by geopolitical developments, it's worth paying attention to the companies that are still valuable in their books. Building the base of your portfolio with these companies will provide a solid foundation for a long term plan.