I love the part when they say "the most successful smartwatch ever. " As if there were smartwatches before Apple introduced them.
The close was strong and finally the bulls managed to put behind the main fighting point $110 now will $112.50 be next and bears worry.
Motorola makes smartwatches but I think I saw something recently that said they were going to stop making them. I think they were outclassed by Apple and Fitbit.
Apple is not that strong, but above fighting point and below a crucial resistance line at $112.50. Buyers are lined up with enough worries.
It remains stable in the range of 110-114. I don't want to upset you, but don't expect a record performance for this quarter.
Apple did indeed hold the critical support 112.50 but the bearish harmai cross will give more amo for the bears and put on alert the Bulls.
They say that AAPL makes big steps these days. But I wonder how high it can get this year? I don't think that it will be more than $120.