AAPL: Waiting for a reason & direction

29 Tem 2020

there are tons of analysis on AAPL ahead of the earnings call - and both a bullish and a bearish cases are justifiable. While the daily view shows that AAPL dropped from the well-defined channel and even gave a bearish signal (see below), the hourly view reveals that it's in fact getting stuck in a channel with some positive sentiment in the background - which is not enough to break the range its stuck in. but there's also not enough selling pressure to push it down and fill the gap-up from yesterday ..

overall, this is a situation of "no-decision" - no one can tell how the market will react to whatever the earnings outcome will be .. all scenarios possible and as we saw with other tech players, good earnings don't necessarily mean a move up

- we're in limbo waiting for a kick in either directions - i continue to remain bullish for the long term