AAPL: Do we get our next entry @ $150?
Quick chart reading for AAPL, and our possible entry
below $150 - $155 is our ideal "buy the dip" level - as shows on the chart - and a repeat of the previous cycle of a 10% upside. was a good trade.
the curious thing, this is very similar to the scenario expected from MSFT, that i just posted - also an around ~10% drop from the high - and a similar ascending channel. Interesting how these big players share similar dynamics.
the main difference with the AAPL setup, is that the demand is still high (V.Viewer at the bottom panel) - so retail trading is still finding opportunities to buy into the current long wave - it's understood that some find AAPL more exciting with more hype around it based on latest news relative to the "good old boring" MSFT
but AAPL chart is giving signs of weakening - big run up days that fail to reach previous highs - and couple of shooting stars - so we can expect AAPL may continue to drag along the top channel levels for a while before the actual decline - both scenarios marked on the chart
we can be selling cash-secured Puts instead of a straight limit entry long at our expected support levels. ideally we want to be in long before the holiday season or the next earnings in Jan.
this is not a prediction nor a trade recommendation - just few thoughts and a possible scenario out of many - no one can predict the future - please DYOR before trading. -- good luck!
below $150 - $155 is our ideal "buy the dip" level - as shows on the chart - and a repeat of the previous cycle of a 10% upside. was a good trade.
the curious thing, this is very similar to the scenario expected from MSFT, that i just posted - also an around ~10% drop from the high - and a similar ascending channel. Interesting how these big players share similar dynamics.
the main difference with the AAPL setup, is that the demand is still high (V.Viewer at the bottom panel) - so retail trading is still finding opportunities to buy into the current long wave - it's understood that some find AAPL more exciting with more hype around it based on latest news relative to the "good old boring" MSFT
but AAPL chart is giving signs of weakening - big run up days that fail to reach previous highs - and couple of shooting stars - so we can expect AAPL may continue to drag along the top channel levels for a while before the actual decline - both scenarios marked on the chart
we can be selling cash-secured Puts instead of a straight limit entry long at our expected support levels. ideally we want to be in long before the holiday season or the next earnings in Jan.
this is not a prediction nor a trade recommendation - just few thoughts and a possible scenario out of many - no one can predict the future - please DYOR before trading. -- good luck!
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