..AAPL closed at $165
..this is a 20 year trendline broken
..Buy and Hold always has an EXPIRY DATE..it can be so long that Long Termers would never imagine it would end*...just like for Exxon.
..Buy and Hold Long Termers who never considered an Exit strategy because they never EVER see the need to sell, would eventually face a hard lesson. STOCKS ARE NOT RELIGION.
Apple's LONGEST ever rising trend line has BROKEN.
* PS Not saying that it has ended or ending for AAPL. You can never write Apple off.
But we could start feeling that its reign of supremacy is starting to end.
Who will replace their iPhone for a newer version with additional tweaks when cost of living is front and centre, who needs a better resolution camera phone when it is already so good.
The value proposition from newer iPhones has dwindled, unless AAPL can re-invent itself into another corridor of growth, its place in the Top 3 of global stocks would likely be in jeopardy.
