IamNomad

AAPL trade idea around earning announcement

NASDAQ:AAPL   APPLE INC
85 4 2
outlook not so good.

chart significance
  • declining RSI
    lower highs
    tweezer top at 132
    bounce off R1
    Monthly pivot , s1, s2 broken

local low of obv w/ minimal recovery

Business significance
  • expected low earning target then previous
    luke warm reception of new product
    lower lows on DJI and DJA

expectations:
up to the the earning well probably drift towards the monthly pivot for retest with a possible break around 127
upon earning announcement, down local low of 119 till dividend issued

invalidation
  • DJ overall shoots up in the next 10 day
    DJ drops out before earnings
    break out of triangle








IamNomad PRO
a year ago
snapshot

still in play .. with three more full trading days , i expect it to slightly poke above the pivot here.
Reply
IamNomad PRO
a year ago
earning fomo in full effect - plan in full effect
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IamNomad PRO IamNomad
a year ago
also possible double top EOD
Reply
IamNomad PRO
a year ago
this was correct. shorted 132 . current post market is 121
Reply
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