Time and time again AAPL continues to surprise investors with higher than expected iPhone sales, avg. selling prices, and strong growth while holding a lot of cash and maintaining a sensible valuation. I see them churning into next earnings as investors mull over whether AAPL can really continue selling iPhones at this pace and there seems to be more weight...
Looks ready to move up. A reasonably well priced tech monster which can reach 200's yet again, breaking below 171-172 will result in trading within a lower channel; initiating a half position here with PT of low 200's. I will avg down if reaches 161-163.
Looks like this is overbought to me, it will require immense volume for another leg-up and to break through previous highs of 109-110. While I think last earnings were more than solid, a 100% swing since May of this year does not look warranted. I believe this will retrace and churn/consolidate around that fib level.
I believe after last earnings, expectations for SNAP are quite low and the company is turning around its business model and ad revenue in a way which should please investors. Possible break-out imminent though I think this is the play I will follow now - picking up common shares at open-08/23/18.
Buying some common shares here at 11.50 area with a stop loss at 11.10. Company has low expectations after the last earnings though they are growing their revenue and I believe this could be a level for a turnaround.
