Now Is the Time to Buy Apple Stock, Experts Suggest
Experts are suggesting that now is a good time to purchase Apple stock.
It is clear that Apple stock is due for a strong performance in October, based on historical data. This makes sense, given that October is typically a strong month for the technology sector. investors would be wise to keep an eye on Apple stock and consider buying shares in the company.
Assuming this is a monthly histogram, I see it as a graphical way of representing data points from a given month.
The second development is the bottom in the monthly cycle. This is when the market is at its lowest point and is a good time to buy.
The Apple monthly cycle is a time when the company releases new products and updates.
Looking at the green line in the graph below, it's clear that relative strength has been strong for this stock over the past 41 years. In fact, this is the all time high in relative strength over the last 41 years! In 2022, the stock has maintained its relative superiority despite the decline in the technology sector. The shares are due to rise to $150-$160 by November. This is good news for investors who have been holding onto the stock, and it's a good sign for the future of the company.