mistertomlinson

AAPL setting up for another ER breakout?

NASDAQ:AAPL   Apple Inc
516 0 4
After the last couple of ER breakouts, the price has hit a temporary top and consolidates, pulling back to the major trendline . It looks like the same thing is happening now. Depending on the angle of the decline, $118 or so could prove a great entry point just before the next blowout ER. That price would give AAPL             a P/E around 15 depending on EPS             .

I believe the next quarter breakout will be fueled by an updated buyback policy as is expected in April and Chinese New Year's sales. If revenue in China increased 70% last quarter, I would expect a comparable year over year increase this quarter on account of the holiday and Chinese consumer's inclination to buy luxury brands. Considering the iPhone 6's success in China, it should see significant demand during this period.

Also worth mentioning is the iPhone's supply/demand balance last quarter which was never met. So, there was still pent up demand at the beginning of this quarter. This wasn't so in the previous Q1.

All of these things point to another blowout quarter and chart breakout.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out