Has AAPL stock bottomed? Let's start with an old chart (see below) sent to clients end of Oct last year (10/29/2018) when AAPL was still close to its peak and our model gave a sell signal. The previous note explained why AAPL managed to hang on despite the severe correction in S&P, Nasdaq, DOW and why sell off is still coming for AAPL.
Let's evaluate the situation today 01/27/2019 for AAPL after 3 months from previous sell signal (see chart below). Our model indicates lower lows or at the very least a retest of old low is still in the works for AAPL.
