BullBear Trading: Stock and Financial Market Technical Analysis

Apple Approaching Short Level As Earnings Move Continues $AAPL

Apple Inc. (NASDAQ:AAPL) has been on a one way train after reporting better-than-expected earnings almost three weeks ago. Since earnings, the iPhone maker is up almost 15%. While investors are cheering there may be a cloud developing over the stock. Based on the extension move, it is reading heavily overbought in the near term. In addition, there is a major gap fill approaching at $110.00. The combination of these two factors (assuming $110.00 is tagged) should yield a pull back in the stock price to $104.00.

By Pro-Trader

Annabelle Trader

Views: 35

Comment

You need to be a member of BullBear Trading: Stock and Financial Market Technical Analysis to add comments!

Join BullBear Trading: Stock and Financial Market Technical Analysis

Join BullBear Traders

 
Free 30 Day Trial
No Credit Card Required

SUBSCRIBE Here
  

Pay with Cryptocurrency and SAVE!

6 Months BullBear Trading

for $100

(regularly $120.00)

 

Steven Vincent's market analysis is published on:

Steven Vincent's opinion is polled every week for the Birinyi Associates
TickerSense Blogger Sentiment Poll

© 2024   Created by Steven Vincent.   Powered by

Badges  |  Report an Issue  |  Terms of Service