- Apple results were better than expected +13%. Revenue and EPS much higher than anticipated although overall profit down YoY.
- Very impressive result considering China sales (down a reported 60%) and all Apple Stores were closed.
- Technically Apple is in a strong recovery and the uptrend is showing renewed signs of acceleration - this is evidenced from a breakout from its negative divergence.
- We are overbought at the moment and running into a resistance zone - expect prices to stall or pullback temporarily and then resume their uptrend to its old highs.
- Potential Buying opportunity on a pullback - apple has proven it can be resilient in the worst of times.
- Very impressive result considering China sales (down a reported 60%) and all Apple Stores were closed.
- Technically Apple is in a strong recovery and the uptrend is showing renewed signs of acceleration - this is evidenced from a breakout from its negative divergence.
- We are overbought at the moment and running into a resistance zone - expect prices to stall or pullback temporarily and then resume their uptrend to its old highs.
- Potential Buying opportunity on a pullback - apple has proven it can be resilient in the worst of times.