“One stock that has been much weaker than the market over the past six months is Apple Inc. (AAPL) as it is down 23.4% versus a 16.8% gain in the S&P 500,” Tom Aspray writes for Forbes.
“There is an Apple developers meeting on June 11 but as candlestick and pivot expert John Person pointed out, the stock could trigger a monthly HCD today,” Aspray writes. “This is one of the two signs that Apple Inc. may finally be bottoming.”
Aspray writes, “The monthly chart of Apple Inc. shows that in addition to the weekly LCD that formed at the September highs, a monthly LCD was triggered at the end of October.”
Read more in the full article here.