Apple
Panjang

AAPL... a look at my last idea's flaws.

132
I wrote in an earlier idea that I was considering Shorting AAPL... well, I never opened the position and I am now glad that I didn't.

The overall bias is Bullish so my earlier idea was obviously trading against the trend, which I am not comfortable with.

I went ahead and pulled a FIB Retracement off the ATH and the 200 Day Moving average. This pullback landed exactly on the .5 which favors Bullish continuation. This pullback offered me a price I am happy at entering at regardless of outcome.
This is not financial advice. Do your own due diligence.

Penafian

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