KQMarkets

Apple - Still Long ahead of earnings!

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NASDAQ:AAPL   Apple Inc
On our analysis on the 12.07 we advised that we were long Apple at $203.72 and since the price has risen to $208.89. However, in order consolidate the upward trend we would want to see Apple above the $213.5 Fibonacci level and could see the stock reaching this level on the back of the 30.07 up to June 19 quarterly earnings. This is because we can see Apple beating earnings expectations and therefore hold our long position and our long term target that the stock heads back towards the all time high at $233 from Oct 18.

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