Last week's price action gives the bulls to remain at the helm so far and only market is holding it back
trading below VWAP all day, but above all major MA as shorts are held trapped very controlled price action.
I want Apple to move higher. But, I have traded apple for years. 3 or 4 days before earnings are mostly down. Check the history.
Expect ER and projection to blow out expectations!! Rocket past $125 after ER. Continue with 27th event and end ~ $128 by 28th!
Is it me or does it feel like apple is priced in for a beat next week. Have an odd feeling about it I hope that’s not the case.
My gut tells me it is, and I am very tempted to short it. However, my gut told me NFLX overshot a couple of days ago, and it instead continued to rise, so .....
Downside today before ER can test the levels $117.17 & $116.74. It will comfortably beat the ER however the guidance will be key.
Coin toss. But if it pops nicely, I will short into the mania tomorrow. At some point, they are going to buy someone big. They almost have to. And I don't see an announcement along these lines making the stock rise. It will most certainly fall.