Sunday, 11 August 2013

Apple revived?

Since the huge correction, is it now the right time to relook at Apples shares again? It seems the 3rd quarter numbers are not bad. businessweekprofit-estimates-in-3rd-quarter

From TA perspective, it seems the 10MA weekly chart is supporting at this level. Looking at the right side of the chart, it had also breakout after testing twice it's support. Would the uptrend continue?

Apples PE ratio looks attractive as well.

Source: Bloomberg 

No comments: