I am bullish on AAPL heading into earnings. That 133 level should be broken..... I don't believe in quadruple tops.
Oppenheimer's technical guy was recently talking about a strong breakout above $145. I guess all it takes is the company's results to get us near there and then it will become self fulfilling.
It is kinda a funny conversation, but if a company needs earnings or news to break a technical barrier, was it a technical breakout to begin with? I am not a technical trader and rarely use charts except I know there are psychological barriers that create ceilings or floors at certain whole numbers.
Nice gift in AH trading this evening. In for 100 shares. Knee-jerk reaction to ER report after market close dropped the share price $9. CNBC traders yesterday were reacting to some "gurus" upgrading AAPL to $145 in a few months. Giddyup.
It's a valid point as it shouldn't require additional information for any breakout (though some would argue that the reason why the stock is at a certain level in the first place is because of assumed future volumes, which ultimately reflect an earnings release). As it turns out, we're not going to see anything like this in the very near term, given the after-hours sell off we saw in the stock after the results.
FWIW, a summary of the views of 20 analysts following the ER and price gyrations last night. http://www.businessinsider.com/sell-side-apple-research-q3-earnings-response-2015-7 Interesting. YMMV.
Not a technician myself. I've owned at least a little Apple for over 8 years now, and have made a small fortune. I have sold off a fair amount in the last 6 months or so, but I just may buy a little more here on this pullback.
AAPL moving averages are indicating, It's sell on rise,(monthly RSI 68, daily RSI 44) until AAPL don't show strong close above 134$ , AAPL can bounceback from 108-113$ range, sl. could be near 105$(3sessions close), below that close will take it below 52 week low 94$
http://www.technewstoday.com/25851-...mber-launch-event-date-and-time-through-siri/ September 9 at 10 am PDT may prove interesting for shareholders. I would not be surprised to see a pop and then a selloff on the 9th. I don't day trade but, if you do, it may be an opportunity now that Chinese market turmoil is quieting down a bit. We shall see. I'm still looking for a climb back into the $120'S by the holidays.