Today, AAPL closed at 536.52, just above the Oct 29 high of 536.12. Although it broke the 50 day SMA, but I think the 536.12 support is strong and very likely the bottom of the trading range before earning. If you are waiting to get in, I think this is a good price. What happens after earning of course is entirely depending on the earning number and it is anyone's guess.
However, if it breaks down the 536.12 support, the next support is around $511.
IBM and Apple have very different business models. They aren't good fit at all. In fact, IBM sold its PC division to Lenovo in China because PC business no longer fit IBM's business model. If you know there is something going on, I am all ears.
Most of the CHL users are on prepaid plans. I don't know how well prepaid plans work for iPhone. CHL hasn't shown their iPhone price plans. Without that, it is impossible to even guess how well or poor iPhone will sell.
You don't make money trading insults. No wonder you guys are so uptight. Relax, it is holiday season, tone it down a bit, show some respects, ok?
I meant to say "It needs to close above today's high tomorrow for the breakout to be confirmed." I missed the word "tomorrow". Sorry about that.
It didn't take long for all the thumb downs rolling in. I get the picture. I am not welcome here. Ok, I am leaving.
It is possible. I don't know what the reason is. I just want to share with you guys what the chart is telling me.
BTW, both its daily and weekly RSIs have reached over 70 which added to the probability that it might be topping out. Notice that during the uptrend starting in July, its RSI has reached as high as 90 but its peaks have been coming down as the stock price going up. It usually means the stock is reaching overbought. So be careful here. Don't jump in until the picture is clear. If you have been holding it for awhile and have substantial profits already, take some off will be good.
FB breaks out of the 54.81 all time high set in Oct 18th. Normally it is a good sign but its daily candlestick chart is showing a dojo cross which means there is a high probability the chart will change direction. If the pattern holds, tomorrow will be important. If it closes above todays high tomorrow than the breakout is confirmed. If it doesn't, than a correction may be coming. Either way, right now isn't a good time to get in. Wait until tomorrow for a clearer picture.
Statistically speaking, in the absence of company specific news, about 50% of a stock's movement is caused by the market. The market looks topping out. If SPX breaks 1777 supports, it can test the 50 day MA at 1758 and takes AAPL down with it.