Boy, this week has not been kind or easy for Apple. There has been way too much controversy for the stock of the company to remain calm and let traders just deal with it. No. There were simply too many changes in the policies and one major scandal that rocked Apple trading for us.
I am of course talking about the scandal with the app that allowed protestors in Hong Kong to follow the moves of the police which was deleted by Apple from App Store which came after Chinese newspaper criticized the existence of the app. This sparked major controversy all across the world and the waves of this decision can still be felt by those trading Apple shares. Why this decision? That we are not going to find out. At least not the true story, anyway. But I can say that Apple got theirs – the losses in the stock price and instability of the shares’ performance.
Yesterday’s trading session was a lot for traders to handle with Apple price climbing higher, but the subsequent fall and the further recovery proved that treading these shares is not going to be easy for today.
This is the lesson for both – the companies and traders of their stocks – when you have the chance to land yourself right on the middle of political scandal – don’t. That never plays out well in the stock market, especially when the segment is displaying the signs of stagnation.
In the meantime, we are waiting for the market to open so that we can see what Apple trading is going to look like. As soon as it opens, do not forget to use trading signals for the stocks of AAPL.