Apple 6.6 Year Daily Technical Chart

Technical Indicators Bottomed and Bounce Back On Extreme Price Decline to $142 and Partial Rebound to $172. The 50 Day vs. 200 Day Went Death-Cross in Dec-2018 (see stars) At $191/Share. Post iPhone Xs, XsMax, Xr Launches, and Q1 Earnings; Price Has Roller-Coastered, But Is Well Off The Oct-2018 Peak Price ($233/Share). Price Is Off $61 (26%). Still Waiting For The Elusive Super Cycle (maybe 5G). iPhone Revenues Were -15% Y/Y In The Holiday FY Q1, While Services Growth Was +27% (wo/adjustments) and Profits Were Flat At $20B. Amazingly, After All The Hubbub, iPhones Actually Grew Marketshare 0.4% in China's CY 2018 Smartphones Market, According to Strategy Analytics. I Think Tim Cook Is Right; Xs/Max Launch In CY Q3 2018 vs. X Launch In CY Q4 2017, Was A Hugh Factor In The Big CY Q4 iPhone Hole, -2.9M iPhones. I See Strong Fundamentals, With A Boat-Load of Cash Going Towards Buy-Backs. Weak-Spots: The Smartphone S-Cycle Has Peaked and Chinese Low-Cost OEMs are Here. One-Year Consensus Analysts Estimate Has Collapsed To $178.49, From $231.32 On Nov-30-18, But Downgrades May Be Over: