Fake breakdown on AAPL still resulted in returning to overbought status quickly.
12/10 end of day appears to be when pattern runs out of room.
We may get up to $274 before a selloff.
The trade deal is what we are playing here.
This doesn't mean I don't like AAPL. It is the pattern and the situation.
The risk is to the downside for AAPL.
If you cannot handle this risk, please do not enter or take a small position you can handle losing for a possible 2x or more.
Examples of conflicting news made to confuse investors (Both from today - Both from same source)
China Renaissance bullish on Apple - $342 price target
seekingalpha.com/news/3524744-china-renaissance-bullish-on-apple
seekingalpha.com/news/3524695-apple-on-watch-tariff-deadline-approaches
Apple on watch as tariff deadline approaches - 4% hit to EPS from this one event December tariffs, 5%+ upside or downside
If we get close to $274 I will most likely pull out the close expiry puts and move back expiration.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU
12/10 end of day appears to be when pattern runs out of room.
We may get up to $274 before a selloff.
The trade deal is what we are playing here.
This doesn't mean I don't like AAPL. It is the pattern and the situation.
The risk is to the downside for AAPL.
If you cannot handle this risk, please do not enter or take a small position you can handle losing for a possible 2x or more.
Examples of conflicting news made to confuse investors (Both from today - Both from same source)
China Renaissance bullish on Apple - $342 price target
seekingalpha.com/news/3524744-china-renaissance-bullish-on-apple
seekingalpha.com/news/3524695-apple-on-watch-tariff-deadline-approaches
Apple on watch as tariff deadline approaches - 4% hit to EPS from this one event December tariffs, 5%+ upside or downside
If we get close to $274 I will most likely pull out the close expiry puts and move back expiration.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU
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.