AAPL Stock Forecast Apple Inc shares stick to the plan as key resistance level targetted.NEWS |
5/25/2021 2:46:17 PM GMT | By Ivan Brian
AAPL shares trade up to test resistance at $127.87.
Apple price recovers as big tech names bounce.
AAPL successfully bounces from a strong support zone.
Apple shares staged a nice recovery on Monday as big tech names steadied across the board, the Nasdaq outperformed the other main indices and continues to follow through on Tuesday. AAPL shares still have a way to go before recapturing their pre-earnings release highs but are treading the right path.
Those results were knock out but the stock failed to react accordingly. Earnings per share were reported at $1.40 versus the average analyst forecast of $0.99, a 40% beat. AAPL shares were trading at $131 at the time of earnings and popped up to $137 before gradually sliding back to $122. This was a strong support zone as evidenced in the chart
5/24/2021 9:23:28 AM GMT | By Ivan Brian
AMC sitting on key support at $12.22
AMC shares have had a sharp rally.
#AMCSqueeze no longer trending on Twitter.
AMC shares are looking to start the week on a cautious note after last week s stellar gains saw AMC close the week struggling to hold those gains. AMC exploded out of its triangle formation and unfortunately just failed to breach the strong $14.54 resistance. Now AMC shares are clinging to support at $12.22 and looking likely to break lower. This is a key support level.
Just in case you are not too familiar with the whole GameStop and related meme stock saga, here is a little recap of the story so far from AMC s point of view. AMC is a global cinema chain and, as a result, has struggled during the global pandemic as most of these cinemas have been closed for the better part of a year. The company narrowly avoided bankruptcy through the interest of retail traders. By strongly ba
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