Apple is a clear BUY!
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.