the buying pressure will be much more once we clear to new highs and the apple buyback starts again (48 hours after earnings).
the options thugs are working overtime today. great time to buy more and punish them.
volume on apple is still very low, that tells me that the big run-up is still to come. not alot of sellers at these prices, but buyers are still remaining quite cautious.
140 is still a long ways up and after earnings apple's stock buyback will kick in again. same thing that happened in jan-feb after earnings.
volume is low because we are still under the resistance, but there are no major sellers to hammer the price down. low volume as the stock works past resistance and then some big up days afterward.
not sure how long it will take to work through this resistance, but we are less than a point away from break-out according to my charts. once we break out, should be a nice run past the highs.
we are still under both the resistance line and the past support line, which is why apple is struggling here to move up. it needs a couple days to move through this region. very little volume demonstrates that this resistance is not a lot of sellers, just cautious buyers that dont want to have to fight the resistance. just need to wear down the sellers here.
it is just hitting resistance levels. needs to break through these to start moving up fast. maybe a couple more days to get through this trading level
this is really only technical traders doing their thing. it is hard to move through these 2 resistance lines. notice that the trading volume is real weak. basically the buyers are just going to move it slowly through these 2 resistance lines. could take a few days to clear it out, or maybe it happens by the end of the week.
cleared the resistance line that was previously broken support. now headed for the resistance line tracing back over the past months. one more good day and it moves above this line.
while i agree apple is going to grow for the next year and 5% growth projections from wall street are ridiculous, your numbers are a little too big for even me. anything north of 15% growth in units year over year will be a big win for apple. 20% growth would be phenomenal.
i think the big growth rate will come in ipads, from launching a bigger ipad.
it always drops. his numbers are too ambitious, but if this happened, it would mean the stock hits 200 a share.