SamSuka
The Long Investor
The Long Investor

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$AAPL TOP 20

Very hard rejection from the 50 Day MA from $AAPL, after exploding out of the downward wedge at the end of last week and jumping from $167 to $178 and almost all gains have been returned.

The previous low needs to be held or we are still in Wave A.

The market is not showing much strength at all today apart from pockets of green from companies who have just reported strong earnings....but it appears that even strong earnings are not creating a bounce for the market.

Is the market waiting for Israel to make a decision? yes possibly.

The Mega Caps will start reporting from next week, I expect this is when the relief bounce may come if it does not start tomorrow or Friday but again, it may depend on what Israel does in the meantime.

$AAPL TOP 20

Comments

So Shaleen what were you saying?

NalaikPanda

Wait for this quarter earnings. I have a strong feeling they will blast the earnings.

NalaikPanda

They didn't sell enough iPhones this quarter.

Shaleen Deep

Apple may go up on its upcoming earnings. And Vision pro might be a factor that can tip the scale for apple.

NalaikPanda


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