Green Trendline has been a major support line since 2016. We seen many bounces off of it, and when we broke it to the downside, it was retested. We retested it on the upside as well, meaning it's a very respected line by traders.
Apple has come in very hot into earnings, how'd that work for GOOGL? $200 will be hit tonight likely in after hours. Whether we bounce or break it, is a whole different question.
With how poorly chip stocks are reporting, my guess is APPL hasn't bottomed out yet. Not to mention, the market made new highs but NONE of FAANG did? (Well GOOGL did for a few hours). New market highs without the "Market leaders"? Let me guess, under performance is a good thing and a great buying opportunity? lol....
Don't rule out a "better than expected" earnings report and a pop up around $218 or so. Just keep in mind every correction AAPL has had since the last bear market, has taken nearly two years to reach all time highs again. It's been 7 months.
Apple has come in very hot into earnings, how'd that work for GOOGL? $200 will be hit tonight likely in after hours. Whether we bounce or break it, is a whole different question.
With how poorly chip stocks are reporting, my guess is APPL hasn't bottomed out yet. Not to mention, the market made new highs but NONE of FAANG did? (Well GOOGL did for a few hours). New market highs without the "Market leaders"? Let me guess, under performance is a good thing and a great buying opportunity? lol....
Don't rule out a "better than expected" earnings report and a pop up around $218 or so. Just keep in mind every correction AAPL has had since the last bear market, has taken nearly two years to reach all time highs again. It's been 7 months.