Wednesday, 2 August 2017

AAPL - earnings remain good

Earnings for Apple (AAPL) remain good, with the stock breaking a new historic high of $159.75, settling +4.7% at $157.14. Near term outlook offers a touch of cooling to at least $154. Mid term, the $200s seem a given, as the US/global economy continues to tick along.

AAPL daily

AAPL monthly


Suffice to add, earnings were unquestionably good, and the stock justifiably broke a new historic high.

The daily settling black-fail candle is a subtle warning of short term exhaustion, and some cooling to 154, perhaps $150 would be very natural within 1-3 days. However, mid term.. the trend is super strong, but fully justified on good earnings.

Most now recognise that the $200s are on track, certainly by late spring 2018.