Apple is the last of the Big Tech to report its earnings, with the result for quarter one scheduled for tomorrow. Analysts expect an EPS of $1.43 on revenue of $92.9bn.

Apple is the last of the Big Tech who is reporting earnings, with the results for quarter one expected tomorrow. Looking at its stock on the 4 hourly timeframe, we can see this lovely bullish trend that continues to bounce near/of the trendline. With its current stock price around $170.27 a share, support below sits at $167.54 followed by $166.07, which is along the trendline. $166.07 would roughly be the expected point of the next bounce if a retracement was to take place. A break and close below it could see the price retrace lower towards the next support level at $162.70. Towards the upside, the next resistance point is at $171.14 from the 26^th of August 2022. A break above this level may see the price rise higher, with the target then of $174-$175. This could all be determined by the earnings report after the US market closes. Looking at the Big Tech who have already reported, the overall outcome has been positive, hence the bias is that Apple could follow. However, just like with every other risk in investing, this is not guaranteed. Over to the indicators, MACD is slightly negative though turning neutral and RSI is positive as it reads 63.