Apple broke diagonal resistance
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.