$AAPL TOP 20
Added 2023-10-29 19:18:49 +0000 UTCBig week for $AAPL this week, reporting earnings on Thursday after the close and no doubt they will feel that their weight of the market will be on their shoulders yet again.
It did not have a good week and also lost its 200 Day MA and went down to 0.618 Fib before bouncing a little on Friday but we can also see that it got very close to the top of the yellow trend line that was acting as resistance from the start of 2022 and then broke through it very comfortably in May, is the market looking for a test of support on this line around the earnings report?....it is certainly looking like it.
A hold of support here and a positive beat on earnings and no surprises, then this can go higher.
$MSFT, $AMZN, $GOOG, $QQQ and $AAPL's charts are not close to becoming invalidated and can go higher, so a lot will be riding on how well the earnings reports are this week.
