InvestMate|ðApple's time to shineð
ðApple's time to shineð
ð The week of third quarter financial results is upon us. On 27 October, we will find out how Apple's reports stack up.
ð The tech industry is already thundering about the desire to cut jobs. Apple is one of those companies that eschews these rumours, definitely standing out from its Silicon Valley competitors. Instead, there are reports that Apple is reducing production of its flagship smartphones.
ð From a technical point of view, things are looking very good for Apple.
ð It is one of the few companies that has not broken through the new lows set in June at $129 per share.
ð We have seen a big slide in price over the last 2 months. We then fell to a double bottom and last week the massive buying of shares started.
ðFor the last 2 weeks we have seen a rise of 10%
ðWe have broken out of a strong support zone.
ð Looking from a technical point of view, the way to the 156-160 level seems open.
ð Looking at the Fibonacci measures in the zone between 160-162, we have created an interesting cluster of levels that the price will have to reach if we are talking about growth and good performance of the company. It will be an increase of almost 9%
ðThere are two options for position management here, one risky with a stop at $140 per share and the other safe with a stop at levels of 137.5
ð With a take profit level at $160 per share.
ðIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.ð
ð The week of third quarter financial results is upon us. On 27 October, we will find out how Apple's reports stack up.
ð The tech industry is already thundering about the desire to cut jobs. Apple is one of those companies that eschews these rumours, definitely standing out from its Silicon Valley competitors. Instead, there are reports that Apple is reducing production of its flagship smartphones.
ð From a technical point of view, things are looking very good for Apple.
ð It is one of the few companies that has not broken through the new lows set in June at $129 per share.
ð We have seen a big slide in price over the last 2 months. We then fell to a double bottom and last week the massive buying of shares started.
ðFor the last 2 weeks we have seen a rise of 10%
ðWe have broken out of a strong support zone.
ð Looking from a technical point of view, the way to the 156-160 level seems open.
ð Looking at the Fibonacci measures in the zone between 160-162, we have created an interesting cluster of levels that the price will have to reach if we are talking about growth and good performance of the company. It will be an increase of almost 9%
ðThere are two options for position management here, one risky with a stop at $140 per share and the other safe with a stop at levels of 137.5
ð With a take profit level at $160 per share.
ðIf you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.ð
āļāļąāļāļāļķāļ
Beautiful growthāļāļąāļāļāļķāļ
What a bump :0
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