Assuming that the Earning report will be good on Wednesday I am pretty bullish on Apple stocks. They are financially well positioned, lot of cash at hand, entering 5G network with iPhone 12 and going into the autonomous vehicle driving business.
The Technicals show a Channel up. There could be a 6 Dollar move to the upper channel level. But there is another technical GOODY. See below
There is also the up sloping wedge with a flat top present in the same picture. The all time high of APPL was hit on September 02, 2020. This wedge is also calling for a break through to the top.
And then there is the CUP and HANDLE pattern, which predicts a break through to the upside. Look carefully to see the pattern!
Whats the conclusion?
I will try to buy 4 x 145 CALL 16APR21 for 8.10
Total cost = US$3,240
We will see what the market is willing to give.145 in the first day and 150 in the second day?
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