APLE trade ideas
APLE Probability of price movement and good MONTHLY DIVIDENDSAPLE took my attention .
Could be a very good long term investment for its dividends but we have to pay attention on Balance Sheet and other factors that can give an idea about the good standing of the company.
Wish you all the best .
Thank you .
APLE almost a good buyI believe APLE will rebound around 9.16$/share.
The reason i think that is:
1. 9.16 is a very strong weekly support level.
2. 9.16 is 0.618 retracement level.
3. MA 100 level is there too.
4. RSI is oversold.
I'm being a bit aggressive and not waiting for a confirmation.
I put a long limit position at 9.63 (this is the minor retracement level), stop loss 7.66 (a bit below the lower end of the next trading range).
This is a 2:1 risk reward.
