This is my first time in posting analysis a specific stock in US. And it goes to Apple Inc. the most famous technology company on earth with market capitalisation of around US$700 billion, which is close to 3 (three) times of Singapore’s Total Foreign Reserves as of Mar 2015 (about US$ 250 billion only). A staggering figure it seems.
However, that’s not my point in analysing Apple. Last night, when I was eating an apple; I meant literally eating apple… I did the analysis, and found an intriguing pattern in its 10-year daily chart. See below:
Now, the pattern I showed above is not about the usual chart pattern in technical analysis. It is a “repetition” pattern in a period of time; in this case 10-year chart.
As you an see, I divided the chart into a 10 sections representing 10 years, but ...
...