The face-off between the $AAPL bears may soon come to an end due to trade wars. In September, we saw a future fall in $AAPL shares. The fall in price was about 4500points before finding a new support at 170.48. The fall between October and November made $AAPL to lose 78.89% of its gain made in 2018. The second half of the year has been full of volatility in the $AAPL shares price movement.
Price undoubtedly has been oversold on the RSI, showing that sellers have been relentless. But this may be a good time now for $AAPL bulls. Price has broken out of the trendlines, and might likely reach 210.60 from 178.19. Before the end of the year, about 3000points might be gained back out of the total points lost if more buyers become active. $AAPL has been considered one of the cheapest stocks now after the oversold position was reached. This might be the right time for investors to take a position in $AAPL.
Source: These 3 Value Stocks Are Absurdly Cheap Right Now. (NASDAQ)