Wednesday, 28 October 2015

AAPL - post earnings gains

With earnings coming in better than expected, Apple (AAPL) opened higher, and built significant gains across the day, settling +4.1% @ $119.25. However, near term outlook for the broader market is bearish, and there remains threat of downside to the 112/110 zone.

AAPL, daily

AAPL, monthly


Suffice to say.. earnings were fine.

Broadly.. it would seem there is now threat of new historic highs in the $130s before year end (along with the broader market)... but first.. a short term retrace looks due.