Apple stock has produced a triple bottom pattern or maybe even a cup with handle, this is backed by there being some form of flag/handle, this means BUY when it breaks resistance which it has.
This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would invalidate the pattern, also the 50 EMA is providing a lot of support.
This is backed by the COPP curve being in positive, showing a increase in trend. But if the earnings report is bad then I recommend selling immediately as it would invalidate the pattern, also the 50 EMA is providing a lot of support.
Trade closed: target reached:
Apple, has finally reached the target of $140, but since the stock has very clear support I would continue to hold until we see the next Iphone.