Apple Inc
Alış

Apple Shooting Higher on Positive Earning Surprise

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- Apple results were better than expected +13%. Revenue and EPS much higher than anticipated although overall profit down YoY.

- Very impressive result considering China sales (down a reported 60%) and all Apple Stores were closed.

- Technically Apple is in a strong recovery and the uptrend is showing renewed signs of acceleration - this is evidenced from a breakout from its negative divergence.

- We are overbought at the moment and running into a resistance zone - expect prices to stall or pullback temporarily and then resume their uptrend to its old highs.

- Potential Buying opportunity on a pullback - apple has proven it can be resilient in the worst of times.

Feragatname

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