AAPL - 4Hr View - Current Pattern / News
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
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