Looking For Apple Entry
Updated
We're looking to enter Apple (APPL) somewhere between $90 - $95 price range.
May take several partial orders to cost average in case of continued selling which is likely.
Still see this as a great entry level range.
As far as Techincals...
MACD & RSI look solid in the red & oversold areas which can point to a potential turn around.
The OBV (On Balance Volume) is nearing oversold share volume also indicating a near bottom.
We'll be looking towards the 100 EMA to cross the 200 EMA to solidify confluences.
It is our opinion this market has some more downside to go... WE"RE SHOPPING FOR DEALS!!
*As always, this is our opinion and does not constitute trading advice. DO YOUR DUE DILIGENCE & KNOW YOUR RISK TOLERANCE!
May take several partial orders to cost average in case of continued selling which is likely.
Still see this as a great entry level range.
As far as Techincals...
MACD & RSI look solid in the red & oversold areas which can point to a potential turn around.
The OBV (On Balance Volume) is nearing oversold share volume also indicating a near bottom.
We'll be looking towards the 100 EMA to cross the 200 EMA to solidify confluences.
It is our opinion this market has some more downside to go... WE"RE SHOPPING FOR DEALS!!
*As always, this is our opinion and does not constitute trading advice. DO YOUR DUE DILIGENCE & KNOW YOUR RISK TOLERANCE!
Note
Partial long entry was made at the 200 EMA.Looking for additional long entry around $110
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