I am looking at Apple but am not ready to pull the trigger. Apple has been a rough one for me as I always get out too early.

I will be looking at an entry if Apple moves above $256 or it if fails and drops down to the $237 level.

Positives

• 1.28% dividend yield *Short Term Liabilities: AAPL's short term assets ($163.2B) exceed its short term liabilities ($102.2B).
• Long Term Liabilities: AAPL's short term assets ($163.2B) exceed its long term liabilities ($148.9B).
• Broke above the 200 day moving average
• MACD and RSI are trending bullish
• Any move to the 50 day moving average is almost $30 away

Negatives

• All the Apple stores are closed and the question is how much this will add to the debt
• Fair value is at $273.13 and thus it is 11.6% undervalued. Other stocks have a better valuation after the Coronavirus crash.
• Volume is declining on this big price jump.
• Strong resistance at $256