Is Apple following an Elon Musk's stunt?
By announcing a significant share buyback following a subpar earnings beat against some low analysts estimates, the tech giant seems to be dangling a substantial carrot here.
However, history suggests that the initial surge in stock price following underwhelming earnings is often followed by a subsequent decline.
Applying technical analysis may shed light on the stock's trajectory in such circumstances. Currently, support and resistance levels around 189-190 indicate a potential ceiling for further upward movement. As a result, the stock is anticipated to open around the mid-180s and trend downwards post-market, likely remaining below the 190 mark in the weeks ahead."
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- mster·05-03Yes. Will be looking to sell a covered call as soon as market opens.LikeReport
- xiaos·05-03would you buy an option for apple when the market opens?LikeReport