Verified Investing on $AAPL (Nov 2, 2026)
Apple stock looks cooked: resistance at a September gap fill near $315.34 and an upward trend line around 365 to 370 should cap gains even if it crushes earnings and makes new all-time highs, while rising memory chip costs weigh and iPhone 18/Pro demand is the key unknown.
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dilute their stock essentially, but they sell it for cash and then the cash increases the value of the company because it kind of adds to their bank account. So, uh, you know, will there be buyers for those shares that they're going to issue? That's going to be the big question there.
I want to give a little preview into the Apple earnings. Apple is prepared to uh release earnings after the closing bell, and Wall Street's expecting a revenue of about $1134 billion, representing an 11% growth year-over-year.
Additionally, they're expecting an earnings per share of about a $1.99, two bucks, right?
But the biggest thing investors are going to be watching is the demand for the new iPhone 18 as well as their specific uh pro models which are more expensive, right? Also, Apple is facing rising memory chip costs as are everybody.
But I have two levels to give you on Apple. Um for support, there's a nice gap fill here.
I have two levels of resistance for Apple going to earnings. There's a gap bill here um from September around $315.34. Let's say we get a drop, right? That's about an 8% move to the downside, which would be pretty decent for Apple.
And should Apple continue to push higher, I have a ups sloping trend line connected through two previous highs. High here, high here around 365 to 370 that should also provide resistance should Apple somehow crush earnings and make even new all-time highs.
A lot like that CEO, that Apple stock looks cooked.
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