The Long Investor

$AAPL TOP 20

Added 2024-07-27 19:47:21 +0000 UTC

$AAPL is one of the Mega Caps that has not tested its 50 Day MA or lost it, it has declined hard over the last 2 weeks but due to its extraordinary run in May and June, its pull back lately has not lost any substantial support levels yet.

$AAPL report their earnings on Thursday and we know that a positive earnings will have no problem moving the share price higher and still hit our Wave 5 target, $AAPL announced a buyback in its last report too, so I would be surprised if it announces another one this time, it may decide to increase its dividend however.....I suspect it will need to do something, we saw what happened with $GOOG when it did neither this time, they may not make the same mistake.

Losing its 50 Day MA and rejecting a retest and we can also assume that $AAPL is into its ABC correction.