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Apple broke diagonal resistance

Apple broke diagonal resistance
Photo by zhang kaiyv / Unsplash

Last week, I posted in Twitter about my thesis on AAPL about to break diagonal resistance.

Today, I observed it just broke that resistance.

Apple reports earnings on February 2nd.  As of this writing, the stock is up over 3%.  With a market cap of over 2 trillion, analysts estimates an EPS of 1.95 compared to 1.27 last quarter.  Last quarter, they reported an EPS of 1.29.

The stock is 7.46% above its 20-day moving average and 1.46% higher than its 50-day.  It's still 5.22% below its 200-day moving average.

From their cash flow statement, Apple reported over $122B from operations (ttm) and over $110B free cash flow (ttm).

These are are not recommendations just my observations.


I am not a professional investment adviser and my opinions are based on my own technical analysis.  Please consult an investment professional before making investment decisions.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.