mistertomlinson
Long

AAPL pennant breakout at ER?

NASDAQ:AAPL   APPLE INC
256 1 3
I had originally hoped for a flag for a lower risk entry, but this would still be a good place to enter. Measuring implications would suggest ~$153 in early June. My only caveat: major index technicals look really bad, so I wouldn't expect this breakout to hold up in a down market.

Apple's ER would be the catalyst. Considering the iPhone 6's success in China last Q, I would expect Chinese New Year to fuel the revenue beat. Buyback program update will be addressed in the conference call. Considering Apple             has ~$190 billion on the balance sheet, it could be time for a significant dividend increase as well. And let's not forget the Apple             Watch. I think most expectations have been surpassed.
TREX
2 years ago
I agree with you on this... Mainly hangs on the ER.....
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