With the Earnings season on, it will be a good idea to test the potential price actions versus the earnings.
The charts dont suggest a great outlook. But with the new iphone and the sales figures my take will be that it will beat the estimates. But AAPL being AAPL the expectations have already build up hence price action may not really live upto it unti we have a major surprise.
Expect AAPL to respect the 118-120 zones. Until it closes above got to be skeptical. On the downside support zones remain at 110-112 range
The charts dont suggest a great outlook. But with the new iphone and the sales figures my take will be that it will beat the estimates. But AAPL being AAPL the expectations have already build up hence price action may not really live upto it unti we have a major surprise.
Expect AAPL to respect the 118-120 zones. Until it closes above got to be skeptical. On the downside support zones remain at 110-112 range
Comment:
AAPL plan on the earnings and the subsequent price action pretty much in place. The earnings surprise but not much of a price action follow up yet