I Swing Trade Options, New to technical analysis.
Thoughts on AAPL: Bullish for a Swing Trade (Picked up 200 Calls with Expo at 4/26 Price $3.65)
AAPL and QQQ (ETF) are in Breakout Momentum
Positive Aspects:
- Riding the 10SMA (Daily)- Acts as support
- Recently Continued Green Candles above the previous Candles Body
- Earning coming up May 1st
-Recent News with Health Care
- Trade Talks with China would surge the stock higher
Negative aspects
- May consolidate in the Short Term (Back to 10 SMA)
- Earning have been risky this year
Resistance levels:
-199.30ish (Been testing this level today 04/08/2019)
Support level:
-I see support at 191.60
-10SMA (Daily)
- Channel Would also provide support
Conclusion:
With a Break and Close above 200 today (04/08/2019), I see a target Price between 205 and 210.
Take Profits when you have them, Remember this is a Swing Trade
Disclosure: Not a professional Trader, this is not intended to provide investment advice. All Investing involves Risk
Thoughts on AAPL: Bullish for a Swing Trade (Picked up 200 Calls with Expo at 4/26 Price $3.65)
AAPL and QQQ (ETF) are in Breakout Momentum
Positive Aspects:
- Riding the 10SMA (Daily)- Acts as support
- Recently Continued Green Candles above the previous Candles Body
- Earning coming up May 1st
-Recent News with Health Care
- Trade Talks with China would surge the stock higher
Negative aspects
- May consolidate in the Short Term (Back to 10 SMA)
- Earning have been risky this year
Resistance levels:
-199.30ish (Been testing this level today 04/08/2019)
Support level:
-I see support at 191.60
-10SMA (Daily)
- Channel Would also provide support
Conclusion:
With a Break and Close above 200 today (04/08/2019), I see a target Price between 205 and 210.
Take Profits when you have them, Remember this is a Swing Trade
Disclosure: Not a professional Trader, this is not intended to provide investment advice. All Investing involves Risk