AAPL to $120 before earnings
Updated
Apple is looking like a good buy leading into earnings, Trumps Covid scare helped drive markets down creating a buy-in point for AAPL. I believe Apple will rise leading up to earnings but unsure of post earnings price action. That wraps up my fundamental analysis. Technical analysis shows strong likelihood of Apple to rise. First we have an RSI of 40.45 which is near Apples previous RSI low on the 1 hour chart. We are also starting to move closer to the moving average and 2 buy/sell indicators show us that Apple is a buy. The first indicator is our green trend line from the 22nd of September and if you notice the red sell indicator, that may be very short term. The green shade under the red candles show bullish divergence simply meaning that bullish volume is getting stronger. We should expect to see AAPL drop a tad on Monday and begin an upward trend sometime next week. Comment your thoughts below on when you think Apple will rise or fall. Will the election/stimulus bill have an effect on price? Don't forget to leave a like!
Follow to see my trade action as I will keep it posted in the updated section of the description.
Follow to see my trade action as I will keep it posted in the updated section of the description.
Comment
Going to buy in Monday 10/5 $120 call by 10/16
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