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- The information you provided appears to be related to financial and market analysis, specifically focusing on the stock performance of Walgreen Boots and Apple. Here's a summary of the key points
The information you provided appears to be related to financial and market analysis, specifically focusing on the stock performance of Walgreen Boots and Apple. Here's a summary of the key points
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Walgreen Boots:
There are indications that the period around October 12-13 was expected to be a low, but it has turned out to be the high point of a short-term rally.
Looking ahead to October 27th, it is traditionally considered an annual low point.
The last week of October marks a low in a composite cycle composed of one-, four-, and ten-year cycles.
The stock of Walgreen Boots is described as having negative short-term cycle indications.
The stock is overbought on a daily basis, and its relative strength is weak across various timeframes.
Historically, from the 9th to November 2nd, the stock has fallen 60% of the time.
The technical picture for Walgreen Boots is described as weak, and it is suggested that the stock may hit a new low at $20 or lower.
Apple:
The recommendation for Apple was made in late September, and the stock is currently at about the same price.
Relative strength for Apple has been rising since September 12th, which is seen as a positive development.
Momentum for Apple is forming a series of higher lows, indicating a constructive trend.
Historically, Apple's shares have risen in October more than 70% of the time.
It is suggested that higher prices, potentially up to $190, are likely in the short term for Apple.
Please note that these analyses are based on historical data and trends, and actual market performance can be influenced by a wide range of factors, so it's important for investors to conduct thorough research and consider various sources of information before making investment decisions.