$AAPL reports their earnings later after the close and I think the majority of the negative sentiment surrounding their growth and sales have been baked into the price now.
The price is still below its 50 and 200 Day MA and within the downward channel.
I believe it is due a Wave B bounce next and it may have started already after holding the Wave 4 low on the red line at $65.
If this does decline from here, then $AAPL is in a difficult position and the market will not react well to this. Worst case scenario would be a drop to the 0.618 Fib at $153.
~DC~
2024-05-03 11:29:11 +0000 UTCNalaikPanda
2024-05-03 11:09:44 +0000 UTCFederico Salerno
2024-05-02 21:58:16 +0000 UTCNalaikPanda
2024-05-02 18:42:44 +0000 UTCNalaikPanda
2024-05-02 18:42:21 +0000 UTC