Want to make easy money to buy the next iPhone? Well, APPLE's ascending triangle is almost complete for a breakout with one downside move left before a big long till 150$.
@usmccop let’s watch for that 140$ psychological level to break 🚀
usmccop
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I’ve been investing, trading, and flipping AAPL since 2010ish. I currently hold 6682 shares. The thing with AAPL, even with blowout earnings, I cannot recall it ever going up more than 7% in one day. Matter of fact, once hitting in AH, it seems to generally sell off but not always. I expect earnings to be stellar, but who knows. I have a strong inclination it’s going to keep running a few days after the “expected” blowout earnings. But if, they miss, it’ll be brutal- as expected. Just to be safe, I may sell 75k to 100K worth just before earnings. This strategy has worked for me over the years. If they don’t give guidance again, it may again have some negative impact. I think they’re going to do some hybrid type guidance or whatever but just my guess (if that’s even allowed). Good Luck!
Investroy
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@usmccop Hey, buddy, just wanted to say thank you for taking time and writing this out for all of us. IMHO, I think it’s a great proper strategy following all the risk management guidelines. Keep up the good work! Love it 👍🏼
usmccop
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@Investroyllc No problem. It has worked for me. I’m still unsure if I’ll sell anything before earnings. I may just roll the dice this time.
Investroy
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@usmccop to be honest, in many cases it frequently depends on the market interpreting the numbers. Sometimes, there were some stellar earnings by big companies and nothing really happened, but there were also cases when the hype around the improved profits easily overtook the market. It’s all about how people receive that information!