Schwab Network on $AAPL (Oct 29, 2026)
Apple is still a buying opportunity: it holds positive momentum through pre-earnings hesitation, using the 20/50-day moving averages as support to break up out of a wedge near 350, with 390-395 the next resistance. The daily chart discourages excessive optimism, but the weekly chart shows a completed breakout; a reversal would test the 20/50-day, then the 200-day.
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Apple is your first choice. It will announce its earnings next week. How do you view Apple as the earnings announcement date approaches? It had great momentum, but we have noticed some fluctuations recently.
certainly. Yes, this is correct. Yes, there is some hesitation before the earnings announcement. As you know, the news was not well received , as it faced some criticism for what Apple has been doing recently.
But overall, when looking at the stock’s direction, especially from a technical perspective, we find that it maintains this positive momentum even during the earnings cycle, where we observe some hesitation before the earnings announcement, but overall, I think there is potential for further gains.
I believe that the overall market trends are also favorable , with Apple differing slightly from some other companies that have been negatively impacted by earnings announcements.
Okay, KG. Now let's turn to Apple, as it may be somewhat excluded from the artificial intelligence stock market. Some have even described it as an anti- AI market. So, what do you see in technical analysis as we approach next week's earnings report?
Yes, Apple is probably among the safest Mac 7 stocks in the market. It is a type of stock that trades against the trend. As you know, today we continue our attempts to break through this triangular or wedge pattern, so to speak, upwards.
We noticed that the stock trended downwards slightly at this time last year, but it was able to use the 200-day moving average as a key support zone , break through it, and record higher lows; And that is exactly what we are doing now, taking advantage of the 20-day and 50- day moving averages as a key support zone at this breakout line around 350 up, in an attempt to move a little higher.
Now, if we look at the difference between the highest and lowest price between the wedge pattern and the triangle pattern, we find that the highest and lowest price is about $345.
The difference between them is about $45. We can add that to the breakout point at 350 that we are at now. Therefore, it can be argued that the 390 level , and even 395, could be the next major resistance zone if we manage to break through it.
Currently, the Relative Strength Index (RSI) is recording lower highs, and the MACD indicator is fairly stable. Therefore, on the daily chart , there is no need for excessive optimism, but try to take advantage of the breakout given the high peaks and troughs.
Looking at the three- year weekly chart , we find greater optimism about this stock because it has already broken through a key pattern over the past year and a half to two years, where we have recorded higher highs and lows.
We have what looks like a wedge pattern, which broke out and then came back and consolidated, taking advantage of the 20- day and 20-week moving averages as a key support zone, and we continue to break out upwards .
So, the Relative Strength Index (RSI ) is still making higher lows , the MACD is still in an upward trend, and the 12-day exponential moving average is both below and above the 26-day exponential moving average .
This is a good chart overall. It is still considered a buying opportunity. But in the event of any reversal, the 20- day and 50-day moving averages will be the next support zone, and any further decline will represent the next key level that the stock will have to hold, which is relatively close to the 200-day moving average.
Okay, Dan. Therefore, technical analysis indicates a buying opportunity for KGC stock . The level of $3.95 represents a potential resistance zone. Are you also looking for a buying opportunity here?
Yes. As you pointed out, Marley, we are about to announce earnings, and based on the reactions , I think the main idea that came to me when setting up this deal example was to identify the risks.
Just because that happens, there is always a possibility of a negative reaction after earnings are announced, but ultimately, gains can still be made. Today's trading example is a call spread option in December, with a duration of 50 days.
This gives a large time frame, and a buy option at a price of 350/375 can be purchased for about $9.75. The risk-to- reward ratio is approximately 1.5 to 1, but at the same time, the idea here is to maintain exposure to upside risks, limit downside risks, and also take advantage of the potential continued momentum and rise after earnings announcement.
Looking at Apple's stock today, we find it high. It rose by 1.35%, bucking the broader market trend.
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