Based on Fib projection and retracement level , the 2 levels to look at are 1.17 and 1.26. They will form the next level support and resistance.
Today price breakout up another 8.3% with volume . Posted last week on my blog.
www.collinseow.com
Hi-P Q4 higher revenue most likely coming from the strong demand of Apple
Hi-P have just started manufacturing components for Apple’s iPad in 3Q ’10.
Apple expected to report strong year-end results
IPhone, iPad sales likely drove quarter; Mac gets surprise boost
Booming sales for the iPhone and iPad over
the holiday period are expected to help Apple Inc. report strong
double-digit earnings growth for the December quarter next week.
In addition, some data indicate that the company’s line of Mac computers
has gotten a boost — despite the fact that the iPad has begun to
cannibalize sales of laptop computers from other manufacturers. The
redesign of the ultra-thin Macbook Air is expected to have helped the
category.
Apple (AAPL 348.40, -0.08, -0.02%) will report results for its first fiscal quarter on Tuesday after the closing bell.
Wall Street, on average, expects the company to report earnings of $5.38
per share, up from $3.67 per share in the same period the previous
year. Revenue is expected to soar 55% to $24.3 billion, according to
consensus estimates from FactSet Research.
Growth is expected across nearly all of Apple’s product categories, with
the exception of the iPod, which is forecast to see a decline in unit
sales compared with last year.
“We believe Apple’s [first quarter] was supported by a strong product
line-up that included some of the most heavily gifted items during the
holiday season (iPad, iPhone, iPod), as well as strong buzz and demand
for MacBook Air,” Maynard Um of UBS wrote in a report Thursday.
The iPhone is expected to be the main diver.
Analysts
on average expect Apple to report shipments of about 15.8 million
iPhone units — representing a whopping gain of 82% compared with the
same quarter last year.
The gain is notable, given that Apple was widely expected to expand the
carrier base for the device this year, in particular at Verizon
Wireless.
Such a deal was announced earlier this week, with the iPhone 4 expected to go on sale at Verizon on Feb. 10.
“We believe iPhone demand remains robust and that demand in the December
quarter was helped by holiday sales momentum and various promotions run
by partners reducing the price of the iPhone for a limited time,” Ben
Reitzes of Barclays Capital wrote in a note to clients on Wednesday.
Another big seller is the iPad, which analysts believe moved about 6.2 million units during the quarter.
The iPad — which was not on the market at this time last year — was
expected to have somewhat of a cannibalizing effect on sales of some of
the company’s laptop computers. But that doesn’t seem to be the case.
Both Gartner Inc. and IDC reported Wednesday that Apple was one of the
few PC makers to see strong sales gains in the fourth quarter in the
U.S. market.
MarketWatch extract
http://www.marketwatch.com/story/app...-13?link=MW-FB
Got out some at 1.10. cheers.. Next waiting at 1.13. :)
Waiting now for the next phase.. 1.10
Hi-P has reached record high of 1.150 on 13-Oct-2010.
Hi-P'll try another Stage of 1.300.
Hope it can makeit in yr 2011.
Note:
- On 19-Mar-2010, Hi-P was close @ 0.635
- On 31-Dec-2010, Hi-P was close @ 1.020
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Bon3260 ( Date: 20-Mar-2010 14:53) Posted:
Hi-P's presently facing corrections during our STI 2,900 - 2,950pts.
Once corrections over, Hi-P'll cheong till 0.70+ & abv...
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Recalled that the latest target Price is $1.3. I think consolidation period is over. Standby for action.
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