Is the $AAPL Swan Dive Over?

The shine has come off of $AAPL since the release of the iPhone 5, and cash has been raised en masse since this stock briefly cleared $700.  But with shares off 23%, the question on the minds of many is whether now is the time to buy.

There has definitely been a dip for those seeking a discount, so by that measure, prices may be attractive.  However, for the astute trader, risk management is of paramount importance – even when buying a “solid company” like AAPL.  (Just ask anyone who thought $630 was a bargain).

In this video, we’ll take a look at the chart and what needs to happen before the coast becomes (more) clear.

Run time is 3:56.

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Jeff White
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