Although Apple news claimed that the company “beat expectations,” the stock gapped up and quickly reversed, then moved down further. This is due to their Guidance for the next quarter. Many companies are able to beat the analysts’ estimates, but forecast lower for next earnings season.

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AAPLanalystsappleappleincBeyond Technical AnalysisCandlestick AnalysisChart Patternsearningsreportearningsseasongapgapfailguidance

Martha Stokes, CMT
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