Have a good weekend traders.
Targeting 3T USD
Apple reached first trillion market cap after 42 years.
Apple reached two trillion market in 2 years
And now in just 16 months Apple can add another 1T market cap.
Technical,
Apple in overbought zone
Apple trading out of bollinger bands.
RSI showing a negative divergence
MACD same with RSI
P/E ratio historically at top
Conclusion;
Apple might be really hit 3T market cap but with these indicators how long it can stay there.
A little bit more room but expecting a major correction.
Stay Safe
Targeting 3T USD
Apple reached first trillion market cap after 42 years.
Apple reached two trillion market in 2 years
And now in just 16 months Apple can add another 1T market cap.
Technical,
Apple in overbought zone
Apple trading out of bollinger bands.
RSI showing a negative divergence
MACD same with RSI
P/E ratio historically at top
Conclusion;
Apple might be really hit 3T market cap but with these indicators how long it can stay there.
A little bit more room but expecting a major correction.
Stay Safe