SamSuka
The Long Investor
The Long Investor

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$AAPL TOP 20

$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.

$AAPL TOP 20

Comments

This wave B didn’t take long

~DC~

Like i Predicted B-)

NalaikPanda

Yup it did bounce big AH!

Federico Salerno

Stock will rally tonight after the earnings. I expect a big bounce

NalaikPanda

I think apple will smash the earnings.

NalaikPanda


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