Apple Shares Stabilizes Ahead of Q1 Earnings

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Apple Inc. (AAPL) is scheduled to announce its Q1 results today. The company is expected to deliver a revenue of $51.97 billion, down about 12% from Q1(2015) revenue of $58.01 billion. On the hourly chart, ADX (14) is heading lower at 37.3209, indicating that the downtrend may be weakening. RSI escaped the oversold zone and is hovering around 37.3980. AAPL is anticipated to continue moving sideways before a rally occurs.

Trade suggestion
Buy at 105.42, Stop Loss at 104.01, Take profit at 107.57

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