theopportunist_trader

Apple long term buy?

NASDAQ:AAPL   Apple Inc
I remember buying AAPL at 119.00 and I sold off my shares near 140-150. Another opportunity has risen. AAPL has broken out of a head and shoulders pattern. Also, the 50 MA is providing support and the coppock curve has a lot more room to move positive so this could be a chance to get back in. (If the stock does fall then it will probably fall into the top of the head and then rebound). AAPL recently released the iPhone X so since that's so recent there is not much room for its sales and profit to be counted in today's earnings report - but maybe in Q4.
So, if the stock rises I may cancel my take profit and go long-term. But, if it falls as I previously said I may buy for a medium-term swing trade.

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