AAPL
defied expectations with its latest quarterly report, beating earnings and revenue estimates and providing a bullish outlook as well as announcing a stock buyback program and raising the quarterly dividend for the 11th consecutive year in a row. Time@Mode, which I use to spot actionable opportunities, confirms this breakout as the start of a new trend and indicates a potential for further gains by May 24th before consolidating again after that date. By looking in a detailed manner at the price action surrounding consolidations, I can identify patterns and signals that suggest when to enter or exit a position, or set a stop-loss or take-profit level. This method is based on rigorous research and testing by my mentor @timwest, and has delivered consistent results for me and my subscribers ever since 2015. Recently I've made progress automating it and using it to detect opportunities in various markets effectively.
Keep an eye out for the key earnings support level outlined here, were the stock to retrace and hit it, it would be a low risk buy entry level oversold declines after this trend pans out after the end of the month. Buying strength here is fine as well, would be my first option to join the trend, but it is important to be aware of where a stock reported earnings each quarter.
Best of luck!
Cheers,
Ivan Labrie.
Trade closed: target reached:
