On the 2-hour above, you can see the neggie d spankdown set up and occur smacking price lower off the 196 high.Price tagged the upper standard deviation band so a move to the middle band was expected and occurs and price continues lower to tag the lower band so now the middle band at 192.53 is on the table. The indicators are positively diverged sans the MACD line so price should bounce in the 2-hour time frame, then retreat again (due to the weak and bleak MACD line) for one more test of the current lows then likely recover.
However, as mentioned, earnings are on tap so anything can happen after 4 PM EST today. AAPL will probably bounce now, it is 10:40 AM, into say noon time or 1 PM, then likely roll over to come down for another test in this 188-189 area in the afternoon and just trade choppy into the bell waiting for the earnings tablets to come down from on high and dictate the path forward.
Global investors anxiously await Apple earnings after the closing bell. Analysts are focused on iPhone unit sales since the numbers dictate if Apple’s brand remains attractive to late adopters of smartphones. Samsung reported earnings noting a slowdown in overall smartphone sales.
The ongoing tariff battles and trade wars may impact iPhone
sales overseas. Citizens tend to buy more products from domestic companies
shunning international suppliers during tariff spats due to a spirit of
nationalism. The numbers for Apple Services, that are expected to grow
strongly, are key in the earnings release. Warren Buffett is a huge holder of AAPL stock. He pours Geritol into his coffee while he waits for the results. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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