As investors flock to Omaha, Nebraska in their annual pilgrimage to learn from the great Warren Buffett, it seems an opportune time to reflect on the technical evidence for Berkshire’s biggest holding, Apple (AAPL). Today, we’ll consider AAPL using “multiple time frame analysis”, in which we analyze the same stock from three different time frames. This allows us to think about how the short-term fluctuations relate the medium-term trend, and how the medium-term trend fits into the longer-term secular trends at play. First, let’s consider the short-term time frame using the daily chart. After an earnings release this week that disappointed investors on weaker iPhone sales, yet thrilled investors at the announcement of the largest buyback in Apple’s history, the stock gapped higher on Friday above the 200-day moving average. After the last two months of lower highs and lower lows, combined with RSI levels very consistent with bearish phases, the stock…
