Apple Has Further To Fall

Photographer: Michael Nagle/Bloomberg

September has been the weakest month of the year for AppleAAPL
shares. The stock has fallen about 65% of the time in this turbulent month as depicted in the histogram below. In fact, weakness coming into the month raises the odds of a lower price to over 70%.

Apple Monthly Histogram

Note the drop in September.

Cycles Research Investments LLC

Most of the decline has occurred in the last month as we see below.

Apple Daily Histogram for September

Note the coming weakness.

Cycles Research Investments LLC

The share price is likely to fall closer to $140-$145.

Waning momentum confirms the weak seasonality.

Cycles Research Investments LLC

Source: https://www.forbes.com/sites/greatspeculations/2022/09/16/apple-has-further-to-fall/