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Published on Oct 25, 2016
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October 2016: As an all session stock on the IG platform you can trade
the Apple chart after the US close as it reports earnings today. Ahead
of the numbers we look at the consensus forecasts and the long term
resistance built into current prices. As Jeremy naylor explains that
even if the stock does close up above the ascending line of resistance,
there is not much distance to go before the stock then encounters
another line of resistance that was last hit in early November 2015. On
the downside, however, there is some distance to go before we find the
last point at which buyers began the recent upward trend.
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