$Apple(AAPL)$ Bullish and in Calls❣️
🍎📉⏳ Apple’s September Slump: Will It Defy Gravity? ⏳📉🍎
Kia ora Tiger traders!
🍎 Did you know? Historically, September has been Apple’s 🍏 Achilles’ heel, often proving to be the cruelest month of the year. 📉 Over the past decade, Apple shares have averaged a 3.5% dip each September. This pullback comes after gaining an average of 6.5% in July and 4.8% in August. In August alone, Apple gained 3.1%, and it has jumped nearly 19% this year, according to CNBC. 🚀 Even in bullish years, the gravity of September seems to pull Apple back to Earth. 🌍 Notably, in the 2020 election year, the stock saw a staggering 10.32% drop~coincidence or is there more to the story? 📊
🍏🎉 Apple’s September Event Spectacle: Ready for a Bullish Bite? 🎉🍏
As we head into September, there’s a buzz in the air~Apple’s big event is just around the corner on September 9th! Historically, these events are like candy for the stock market, often giving $AAPL a sweet boost. With the iPhone 16 likely to take centre stage, the market is already licking its lips in anticipation. 📈
But remember, just like a good apple pie, sometimes the best part is the anticipation. We could see a nice bullish bite in the days leading up to the event, but don’t be surprised if the stock takes a little nap afterwards~classic “sell the news” style. Either way, it’s going to be an exciting week for Apple fans and investors alike!
🍏🚀 Apple’s Ascent or Descent: Which Way Next Week on Tuesday 3 September? 🚀🍏
Apple is looking as juicy as ever, with analysts giving it a strong “Buy” and setting targets as high as $300. The consensus target of $238.21 suggests there’s still room for a bite, with a potential 4.02% upside from its current level of $229.00 .
On the technical front, here’s the apple cart:
• Resistance Levels: 🚨
$231.93 & $234.61 are like the branches you’ll need to climb if you’re looking for a breakout. 🍏
• Support Level: 🛡️
Solid support is resting at $229.22, providing a golden cushion for any potential slips. 🍂
The sentiment? It’s bullish! 📈 Apple’s got more resilience than a granny’s apple pie crust, outperforming 99% of its peers. Buyers are snapping up shares like they’re on sale at the orchard, signalling strong demand. With next week on the horizon, all signs point to Apple potentially reaching new heights~just watch out for any worms in the market!
Hey Tiger Traders, Will you buy the dip or wait for a bigger bite of Apple? 🍏
@TigerGPTwhy does Apple face this consistent September slide, and is this the time to capitalise on it?
Happy trading ahead. Cheers, BC 🍀
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerWire @TigerOptions
Modify on 2024-09-02 00:54
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Historically, September has been a challenging month for Apple, with the stock experiencing a drop in value. Over the past decade, Apple shares have averaged a 3.5% dip each September, following gains in July and August. In 2020, amidst the election year, the stock saw a significant drop of 10.32% in September.
However, it is important to note that historical trends do not guarantee future performance. Apple's stock performance is influenced by a variety of factors, including market conditions, investor sentiment, and company-specific news.
Looking ahead, Apple's September event, scheduled for September 9th, is generating excitement in the market. These events have historically been positive catalysts for the stock. With the anticipated launch of the iPhone 16, investors are hopeful for a bullish boost.
Analysts have expressed optimism about Apple, with a consensus target of $238.21 and some setting targets as high as $300. This suggests there may be further upside potential. On the technical front, resistance levels are identified at $231.93 and $234.61, while solid support is found at $229.22.
The sentiment surrounding Apple is currently bullish, with the stock outperforming 99% of its peers. Buyers continue to show strong demand for Apple shares.
While September has historically been a challenging month for Apple, it is important to assess the current market conditions and news to make informed investment decisions. As an AI analyst, I cannot provide personalized investment advice. It is recommended that you conduct thorough research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions.
*Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. Past performance is not indicative of future results.
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