Apple (AAPL) reported earnings earlier this week. As always, I like to give a company's charts at least 1 full day of activity after earnings before trying to analyze the charts again. Since it has now been a couple of days, let's review some post-earnings charts for Apple.
Apple (AAPL) - Short Interest
The first chart for Apple is a 1 year daily candlestick chart with the short interest totals by reporting date listed. I've also made a note about the market makers keeping a lid on Apple's share price. Maybe its the market makers, or maybe its someone else wanting more shares at lower prices.
The most recent short interest shot up from 47 million to 60 million shares. That total of 60,135,782 appears to be the top of a Wave 3 in a Bullish Impulse Wave Pattern too. We'll look at that next.
Apple (AAPL) - Elliott & Moving Averages
Something that hasn't yet been discussed in Apple's new uptrend is that on September 1, 2016 Apple (AAPL) had its Golden Cross develop from a moving average perspective.
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