Monday, 17 August 2015

AAPL, DIS - all is fine again, yes?

Whilst the broader market closed the day moderately higher, there was notable strength in Apple (AAPL) and Disney (DIS), which settled higher by 1.1% and 1.7% respectively. Despite the gains, given another week or so, both stocks look to be trading significantly lower... having recently broken core support.

AAPL, daily

DIS, daily


Little to add.

To be clear, I am long term bullish on AAPL and DIS, but both stocks recently broke mid/long term support, and I'd be very surprised if they don't go much lower across Sept/Oct.