Long term I think that AAPL has shifted to a bullish trend, but after today's bearish engulfing pattern, I don't think there is any reason for traders to hold it long. It looks like we're going to retest the $500 level. That will be my first entry. I'll buy a small feeler position around $500, ideally after it breaks below quickly, I'll put a buy stop back over $500. That way I don't get in front of a bear train, if it really is going to break below $500, but I am also able to get in at $500 if it was just a stop run.
The stop for that small starter position would be a break below $480. Assuming everything goes according to plan, I'd look to add more over today's high of 539.25. Target for the trade is 571.3/571.4 where both fib extensions converge with a decent support/resistance line from mid 2012.
The stop for that small starter position would be a break below $480. Assuming everything goes according to plan, I'd look to add more over today's high of 539.25. Target for the trade is 571.3/571.4 where both fib extensions converge with a decent support/resistance line from mid 2012.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.