Wow is all I can say right now. We had a clear break of the channel last week and apple was trading in what looked to be the start of a downtrend with a loss in momentum and RSI divergence until they reported ridiculous earnings last night.
We will see a pullback from its massive run today, but I expect another month or more for it to run to around the $466.00 level. Apparently they are going to do a 4:1 split which could reel in more retail investors and drive the price higher especially if the Feds pass another stimulus bill next week. What an interesting time to trade.
As always, this is not financial advice and I am not a financial advisor. Do your own research and formulate your own theories. Good Luck!
We will see a pullback from its massive run today, but I expect another month or more for it to run to around the $466.00 level. Apparently they are going to do a 4:1 split which could reel in more retail investors and drive the price higher especially if the Feds pass another stimulus bill next week. What an interesting time to trade.
As always, this is not financial advice and I am not a financial advisor. Do your own research and formulate your own theories. Good Luck!