Aaplshort
AAPL can see new lows before the election & earnings $105 TARGETApple stock has been lagging compared to a lot of techs and it's influence on the Nasdaq market is pulling a lot of other stocks lower. We do have earnings coming up at the end of the month of October so that should be a very indicative sign of where this market wants to go.
The 100-day EMA is super attractive for institutional buying and price is not far away from it, we could see the price tag that area and then see it inch back up.
We have to wait for the election to pass to get a more decisive and concise move in either direction. There was a lot of downside volume at the beginning of the drop was strong but it's stalling out so it won't be a clear drop to $105 but slower.
Overall why we think this is moving to the downside is the most recent high at $125 was due to news that was sold off very easily. This is a much lower high than the $137 we saw post-split. This is indicative of weak buying trying to come into this market, if we see a lower low through $105, that confirms the downtrend.
The $105 level has to hold for the medium term longs to push through $125 and eventually into $135.
This trade idea is for educational purposes only, not to be used as investment or trading advice.
AAPL CAME BACK TO LIFE!Hello Traders,
Wild Monday?
We woke up to a rather scary morning with big red everywhere. Knowing we only had positioned for the long side of the market at the Friday close. We were a bit worried but jumped into the market strong.
We grabbed AAPL right at open as it was near the psychological support near $100. It worked in favor for us as we were out of our position from friday in green within the first 30 mins of market opening.
Re-Entered long around $105-106 level.
We also added some put positions for $100 strike at the end of the day to hedge against the potential downside. We could see another leg down to fully test the $100 level but we'll have to see about that.
For now we're long AAPL, FB, MSFT, and IWM. Downside hedge on AAPL and QQQ.
AAPL premiums shot up like crazy today so if you want to join us long make sure you wait for some pull back before you jump in and make sure if you're playing options, get enough time for your expiration.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
Apple Bottomed Out? Watch These Levels Daily $AAPL
Attention has been on $AAPL & $TSLA after they performed a stock split.
~
The stock currently sits above what has proven to be strong support @ $106.
Watching the orange trend line as support as well, it holds strong on the weekly timeframe.
Possible long on a break of downtrend with resistance @ $110.
Upside targets: $120 - $128.
Possible Short Entry: $99
Caution needed in this stock as we have a H&S pattern forming.
DotcomJack | Michael Jordan of Stonks