Apple Inc. - Update Jan 13th 2023
Did Apple find a bottom?
Introduction
Today, at the time of updating this analysis on January 18th, AAPL traded at $138.49, squaring out on a Gann timing line. This timing line has formed multiple times resistance and support in the past and may be difficult to cross from below.
In the last few months Apple shares (AAPL), like many other technology-related stocks got beaten down but now AAPL seems to have found some sort of a bottom at the beginning of this year. Did AAPL find a bottom? Has a new cycle started? After a six-month low, there is a high probability for a rebound of several weeks.
There is an upcoming mid-point cycle, based on a solar and lunar cycle that may assist in revealing the future path of AAPL. This cycle can be used on any stock, index, commodity, or other asset class and may identify good points for a possible change or continuation in trend. This cycle may be of assistance in finding the right start of a cycle.
As W.D. Gann mentioned in his Stock Market Course:
“The ancient hunters had a rule that when they were searching to locate an animal in his den they always followed his tracks backward, figuring this was the shortest route to his lair. The quickest way for you to learn how to determine future market movements is to study the past.”
So, as W.D. Gann writes here it is important to understand where the cycle starts. Having the right beginning of a cycle is important to understand where it may end.
In this post, I explain the longer-term and short-term cycles around AAPL in 4 easy to follow steps and how a solar/lunar cycle may help to determine the future short and longer-term trends. I will show different Gann-like techniques to identify probable hotspots of possible future changes in trends.