AB_Trading-Intelligence

APPL Due for A Correction Before Earnings?

NASDAQ:AAPL   Apple Inc
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ANALYSIS:
APPL seems to be falling back to support around the $117.00 region, which could fail to hold due to the circus act that is going on in Congress regarding stimulus. Therefore, I am predicting APPL to have a slight correction before earnings as it has in the past, and then gear up for a strong move to the upside once the announcement of earnings.

*Note: Any stimulus news would be a huge catalyst to the upside. So, keep your ears to the street regarding stimulus news.


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