Yesterday the company published a mixed earnings report. It reported: * earnings per share of $3.84 versus expected $3.78; that's a beat. * revenue of $20.8 billion versus $20.95 billion, that's a miss, and the 13th consecutive quarterly decline. The stock lost nearly 5% in the after hours. We are expecting more downside, as the wave count suggests the continuation of a longer-term downtrend. Stop-loss is a daily close above 170.
Comments
huntingsniper
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Good call !!! Do you think it is close to the end of the decline?
m5_FX
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Entered short @ 166 with a tighter stop. If yesterday's drop is a first wave, the second wave shouldn't retrace more than 61,8-76,4%