Triple AAA - Apple Alphabet Amazon Price Levels
So yesterday was the triple AAA earnings in which Apple, Alphabet (Google's parent) and Amazon reported earnings. All three disappointed in some way, and are expected to open lower on Friday. Here are some price levels that will get me interested to add to my existing positions.
AAPL
Yesterday's price action actually broke above the 200 daily MA, prior to reporting earnings. On hindsight, it looked close to a previous swing high and likely to form a bull trap.
First level of support at $146.50, if that is breached, then like retest $138 or even as low as $130 (which would imply almost 100% retracement of 2023's rally).
Alphabet (GOOGL, GOOG)
Personally I prefer GOOGL (otherwise known as Class A), they usually have larger trading volume than Class C of GOOG). The stock gapped up on open on Thursday following Meta's good news.
An attempt to fill the gap to the first likely support of $101.50 is likely. If that first support fails, then levels of $95 (or $1 or $2 above which is close to the intersection of 50 MA and 100 MA) and $86 will be levels that will attract buyers.
AMZN
Amazon also gapped up like most other stocks on Thursday. The first level of support I would most likely be looking for is at $101.80. If that fails, look for support at $92 (which is at 50 daily MA), followed by $82.
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- Tracccy·2023-02-04TOPGonna have to do some more research on AAPL and observe on sentiment. 🤔🤔 Dunno if it has potential to reach back to 162 and 1721Report
- Gloria112·2023-02-04TOPI think Apple is high at this level, indeed a bull trap2Report
- JoanneSamson·2023-02-04👍Will be keeping an eye on those support levels. Looks like there might be some buying opportunities if the prices drop lower.3Report
- LMSunshine·2023-02-13Thanks for the info buddy❣️ Really hope they drop to these levels you mention so I can add more! Do you think they will fall to their Dec low and break their 52W Low or unlikely? It’s always hard to decide how much to add😅LikeReport
- Juliaaa11·2023-02-04Larger trading volume usually means greater dynamism, GOOGL has a higher priority to monitor!2Report
- Dollydolly·2023-02-04those earnings reports were a bummer. Hope we don't see too much of a dip next week2Report
- cristine·2023-02-05Great ariticle, would you like to share it?2Report
- DonnaMay·2023-02-06GOOGL is better for the average investor than GOOGLikeReport
- PandoraHaggai·2023-02-06It doesn't look like it's time to invest in tech stocks just yetLikeReport
- Maria_yy·2023-02-06amzn's earnings report couldn't have been worse. Is that right?LikeReport
- AricLo·2023-02-05okay thanks for sharing1Report
- EvanHolt·2023-02-06Filling the gap is what Google should be doingLikeReport
- BellaFaraday·2023-02-06The rise in AAPL is completely unjustifiableLikeReport
- Linglong8191·2023-02-05Like plsLikeReport
- Nighttt·2023-02-05Nhv2Report
- 迈克尔老虎·2023-02-05[微笑]1Report
- LTTan·2023-02-05👍2Report
- KSR·2023-02-05👍LikeReport
- sfleong1·2023-02-05likeLikeReport
- TigerHulk·2023-02-05Ok1Report