AptitudeFinancialAdvisory

AAPL - January 18, 2021

Long
NASDAQ:AAPL   Apple Inc
AAPL - AAPL has earnings coming up next Wednesday, January 27th and is set to have a pre-earnings run up. AAPL is forecasted to report a strong Q1 2021 sales forecast with increased sales numbers on the new Iphone 12, and increased service revenues. The technical chart is setting up nicely to complete the latter half of the handle on a cup and handle, leading into an earnings report push. It is also in a strong buy zone bouncing off a major support at the 126.58 level and looks to breakout of this short term downtrend. AAPL is a clean setup with a good risk-reward ratio supported by positive catalysts to push price action higher.

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