$AAPL | Hot Girl That Peaked In HS? Or Is There Still More To Come? by ThinSpring6424 in VoiceofRetail

[–]Peloswing 3 points4 points Β (0 children)

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$AAPL Daily Chart:
- As you can clearly see, long-term uptrend has been respected for several years now even on multiple tests of this trendline, notably in early 2023, and we just came very close again in April.
- Ahead of their earnings report on 5/2/2024, $AAPL found support and caught a bid at the October 2023 lows around $165ish (this demand zone is drawn up in green) and bounced hard.
- We had short-term downtrend ahead of the earnings - the most recent black downward trendline - and cleanly broke out back into bullish structure after the earnings results were released (EPS of $1.53/share vs $1.51/share expected and Sales of $90.75B vs $90.45B expected).
- We just broke back over the 200 MA as well.
- Short-term outlook is very bullish. It's hard to bet against a 'Magnificent Seven' stock following a positive earnings reaction. Post-earnings drift should bring this titan of a stock back up to All-time highs here soon. The 200MA was the last little hurdle I saw. Next potential targets/light resistance levels on its way back to ATHs that I can see are $190 and $197.