After the quarterly results.
Apple reported yesterday at the end of the day the results for the first quarter of the year, this is the most important period of the year since it is the one with the highest sales, and where the sales of the new product launches are reflected.
The company also presented its investors with a fantastic quarter in terms of revenues,...
As we can see below NYSE:BABA showed negative results for this delivery.
BPA / Forecast: 1.63 / 1.71
Income / Forecast: 12.76B / 50.10B !!!
Chap. Market: 523.22B
As a result of this we expect the company's shares to have a significant fall in the short term.
First of all we will go to look for the 195.0 approximately since here the first support is presented...
Sell sow of 135,400 and take profits in the 135,000
Be alert if resistance passes, closing the position when it reaches 135,530 may be indicating a change in trend.
If the position is presented with benefits can maximize them by going to look for the 134,900 first and then if everything goes well 134,600.
Always moving the stoploss as the sale picks up...