Apple weakness into earnings

13 Okt

Although Apple tends to exceed expectations on every earnings call, I believe this setup looks bearish. A standard wedge which is one of my most favored setups to evaluate. Steadily falling average volume with a low but not bottomed stochastic RSI. I did mark what I believe to be the general bottom on stochastic for Apple. The OBV has been tested many times, look for a break to the downside. I look for a price of 207$ or at least 214$.