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Dear Investor, Advanced Micro Devices (AMD) reports tomorrow after the close. The stock could pull back to $86 or so throughout the day. But based on the last 10-days volume, I expect the stock to rally on earnings with $94 within sight. There’s also an interesting setup in Caesars Entertainment, Inc. (CZR), plus some bearish trades in a couple of oil stocks. To get the details, you can watch the recording on my Prosperity Pub Channel on Telegram. See you there. Take What the Markets Give You. MICAH LAMAR Quick (Bullish) Monday Update on AAPL After about a period of downward momentum, Apple Inc. (AAPL) started to breakout on Thursday. We saw new higher highs and new higher lows – which indicates the technical uptrend that began at the start of the year is continuing. The share price has moved from $125 all the way up to $170. This is a big week for AAPL with earnings coming on May 4. Looking at the MACD, it’s been sideways to down for the last few weeks… but it may just cross back up to the bulls just before earnings, as well. If Apple continues this move, I’d say the next target is $176. After that we’ll be looking for all-time highs around $180/$183. Normally, when you break out of a pattern like this, you do hit all time highs. AAPL would have to have amazing earnings for this breakout to happen, of course. But if it’s anything like what’s been happening with tech, we’ve got a pretty good likelihood of that happening. We’ll talk again – post-earnings – next Monday. Enjoy your week! Micah P.S. If you missed my presentation on my Perfect Apple Trades research service this past Friday, then you missed my entirely new way to target outsized “profit cycles” within AAPL stock… one that most investors don’t even know exists. All you need to do is buy when the key indicators align, and sell when they cross back over. Catch the replay RIGHT HERE. |
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