$AAPL - Halfway the Volume Shelf

SmartReversals
01-17

$Apple(AAPL)$ - Halfway the Volume Shelf

The rally found rejection at the 10DMA just to resume the bearish move to set lower lows. $226 is the next destination for this pullback; at that level price could be oversold relative to the RSI and lower Bollinger Band.

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I have done this analysis before：

Weak setup but a short term bounce is likely considering the 100DMA and the volume shelf.

The complete analysis in the weekly timeframe was included in the latest Weekly Compass, with specific targets.

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Apple Earnings Looming: How Do You View Analysts' Downgrade?
Last quarter: AAPL sales rose 6%, while earnings beat analyst expectations. This quarter: Analysts see earnings growth of about 8% from the year-earlier period, according to LSEG. Apple comes into this week’s report following two notable downgrades last week, one from Jefferies and the other from Loop Capital. ------------------ What do analysts' downgrade before earnings imply? Can Apple achieve 8% earnings growth? Will Apple fall below $200? How do you expect Apple earnings?
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