$AAPL PRE Q3 EARNING ANALYSIS

Summary

In this Top Trading video, the presenter analyzes Apple's stock performance, highlighting a bearish trend and predicting a possible drop to two-digit prices. They discuss past earnings, currency fluctuations, and supply constraints affecting Apple's profitability. The video provides a detailed chart analysis, including MACD indicators and resistance levels, and urges viewers to join the Top Trading Academy for further insights. The presenter also emphasizes the importance of doing one's own research and shares their bearish outlook based on financial fundamentals and market trends.

Takeaways

• 📈 The video discusses Apple's stock performance, highlighting a recent bull run followed by a bear run.
• 👀 The speaker warned about potential risks before Apple's earnings report, suggesting the stock was more expensive at $162 than at $182.
• 📚 Mention of Top Trading Edge Academy, where viewers can learn more about stock analysis and trading strategies.
• 🗓 Historical tweet references on July 30th and video analysis on July 22nd, indicating a similar bearish pattern setting up for Apple's stock.
• 📉 The speaker anticipates that if Apple misses its earnings, the stock could become more expensive at $100 compared to the $182 level.
• 📉 Prediction of Apple's stock heading towards two-digit figures, despite being a favored stock on Wall Street.
• 📊 Technical analysis is provided, with the MACD indicator suggesting further downside potential for the stock price.
• 📊 The speaker suggests that Apple might fill a gap in its stock price, which could lead to further declines.
• 💰 Discussion of Apple's financial fundamentals, including a significant drop in net income and the impact of currency fluctuations on earnings.
• 🔍 Mention of external factors such as currency wars, supply constraints, and rising interest rates that could negatively affect Apple's profitability.
• 📉 The speaker's overall bearish stance on Apple's stock, based on technical analysis, financial fundamentals, and market sentiment.

Q & A

What was the main topic of the video?

The main topic of the video was Apple's stock performance, specifically its chart analysis and predictions based on historical trends and upcoming earnings reports.

What was the speaker's initial warning about Apple's stock price around $162?

The speaker warned that Apple's stock was more expensive at $162 than it would be at $182, suggesting that it would be cheaper to buy at the higher price point based on the expected earnings and market trends.

What does the speaker suggest about joining Top Trading Edge Academy?

The speaker suggests that joining Top Trading Edge Academy can help viewers understand the stock market better, including why buying Apple at $182 could be considered cheaper than at $162.

What did the speaker predict about Apple's stock price in relation to its earnings report?

The speaker predicted that if Apple's earnings report shows a miss, the stock price could drop significantly, making $100 a more expensive buying point than $182.

What is the significance of the term 'two digits' in the context of the video?

The term 'two digits' refers to the speaker's prediction that Apple's stock price could drop to a level where it is valued in the double digits, which is a significant decrease from its current value.

What was the speaker's advice regarding Apple's stock on August 19th?

The speaker advised that there was a bearish trend and that it was a good time to sell or avoid buying Apple's stock, as they expected the price to continue falling.

What technical analysis tool does the speaker mention in relation to Apple's stock?

The speaker mentioned the MACD (Moving Average Convergence Divergence) as a technical analysis tool, suggesting that it still had room to go negative, indicating a bearish trend.

What was the speaker's price target for Apple's stock?

The speaker's price target for Apple's stock was around $129, with a potential support level at $123.

What factors does the speaker believe are affecting Apple's profitability?

The speaker believes that currency fluctuations, supply constraints, and sluggish demand are affecting Apple's profitability, along with the broader economic factors such as rising interest rates and quantitative tightening.

What does the speaker suggest for viewers who want to learn more about stock trading?

The speaker suggests joining the Top Trading community and Top Trading Edge Academy for live teaching sessions and insights into stock trading strategies.