Hey guys!
Looking at the black arrow we can see an inverted hammer with open above the inverted hammer’s real body and the close above the inverted hammer’s real body, however volume is below average which leave me to question a downtrend reversal. Momentum is fading, but I remain confident Apple will post a monstrous 4Q20 earnings report.
Although the graph is telling me one thing, I have purchased 02/19 145c with an average of $2.44 and I'm confident we will see a run to 140s after earnings:
(x) Hardware (accessories) sales are anticipated to go up
(x) Strong iPhone 12 demand
(x) Strong YoY and QoQ App Store growth
I'm looking for a move above $131.87 on higher volume on the 1hr chart by tomorrow or Monday
Looking at the black arrow we can see an inverted hammer with open above the inverted hammer’s real body and the close above the inverted hammer’s real body, however volume is below average which leave me to question a downtrend reversal. Momentum is fading, but I remain confident Apple will post a monstrous 4Q20 earnings report.
Although the graph is telling me one thing, I have purchased 02/19 145c with an average of $2.44 and I'm confident we will see a run to 140s after earnings:
(x) Hardware (accessories) sales are anticipated to go up
(x) Strong iPhone 12 demand
(x) Strong YoY and QoQ App Store growth
I'm looking for a move above $131.87 on higher volume on the 1hr chart by tomorrow or Monday