Overview -
Trump has announced that AAPL needs to pay 25% to the US for manufacturing the iPhone in India and not in the US.
The stock is currently trading at 194.32
IF-THEN STATEMENTS (INTRADAY PLAN) -
1. If the 193 level is held - we go long till 195-197.
2. If the price fakes out high to 195-197 - we wait for a sell confirmation (e.g. buyers being absorbed or selling pressure) and we go short.
3. If the 193-195 level is consolidating but with high selling aggression - we go short till 184 area.
4. If the 193 level doesn't hold at all - we wait for a second attempt and get an entry off of the VWAP, if possible. We stay bearish for the entire day (with 184 being out next potential pivot).
Trump has announced that AAPL needs to pay 25% to the US for manufacturing the iPhone in India and not in the US.
The stock is currently trading at 194.32
IF-THEN STATEMENTS (INTRADAY PLAN) -
1. If the 193 level is held - we go long till 195-197.
2. If the price fakes out high to 195-197 - we wait for a sell confirmation (e.g. buyers being absorbed or selling pressure) and we go short.
3. If the 193-195 level is consolidating but with high selling aggression - we go short till 184 area.
4. If the 193 level doesn't hold at all - we wait for a second attempt and get an entry off of the VWAP, if possible. We stay bearish for the entire day (with 184 being out next potential pivot).
Emad Arshad Alam
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Emad Arshad Alam
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.