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As seen in the chart above, the support lines (green) have been strong and holds well for a long time, with the current price exceeding the resistance (red) at $138, we will now look at what could the potential trend looks like in the next few days/week. With Q4 2020 earnings coming in the next 2 days, we expect to see low consolidation/ selloffs but with great potential of upside swing towards $160. If we look at some of APPL's fundamental analysis, with their new in-house M1 chips in their future Macbook product lineups, we are most likely going to see a reduction in cost and with more affordable future product options, which we project great results moving towards Q2 and Q3.
As seen in the chart above, the support lines (green) have been strong and holds well for a long time, with the current price exceeding the resistance (red) at $138, we will now look at what could the potential trend looks like in the next few days/week. With Q4 2020 earnings coming in the next 2 days, we expect to see low consolidation/ selloffs but with great potential of upside swing towards $160. If we look at some of APPL's fundamental analysis, with their new in-house M1 chips in their future Macbook product lineups, we are most likely going to see a reduction in cost and with more affordable future product options, which we project great results moving towards Q2 and Q3.