After the bell, many eyes (too many?) will be on the $360 level down below, should Apple be sold off after earnings.
On the upside, $419 is the first main level bulls must recapture to turn the tide back in their favor in the short-term.
We are still talking about a stock in an established downtrend. That said, everyone who already wanted to sell may have already done so.
Should be fun. I don’t play earnings, either way.
Good luck.
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I don’t think we have seen the capitulation. Then again we may not. I just know too many (retail) folks that think it is still the best company out there.
Fair point, no doubt
They don’t have the look or feel of a company that is growing rapidly and deserving of increased valuation. This train is slowing down. Offloading cash to appease investors instead of growing the business and retaining customers. Phones are outdated, new product cycle has stagnated. Competition is gaining ground. Oh, and their customer service absolutely sucks. I am speaking from numerous personal experiences. They do not value their customers the way they once did and it shows. We don’t take that lightly.
Excellent points, thanks