Got in AAPL on a whim yesterday at 147.39.
Thought the retracement is almost done and the morning star and 2 bullish candle after that serve as good indication.
To be honest, the entry might be a bit late.
So, I was totally willing to cut at 144.30 (where a small resistance area was)
Actually this is not entirely a technical trade, because I felt the broad market was actually quite bullish.
MSFT new all time high again, FB going up. I thought there is not reason why AAPL will not be pulled up too.
However, there is a huge resistance at 150 area IMO.
So I will need to observe more on how it behaves there before deciding whether to take profit or hodl.
Perhaps not so good risk reward for this trade.
Thought the retracement is almost done and the morning star and 2 bullish candle after that serve as good indication.
To be honest, the entry might be a bit late.
So, I was totally willing to cut at 144.30 (where a small resistance area was)
Actually this is not entirely a technical trade, because I felt the broad market was actually quite bullish.
MSFT new all time high again, FB going up. I thought there is not reason why AAPL will not be pulled up too.
However, there is a huge resistance at 150 area IMO.
So I will need to observe more on how it behaves there before deciding whether to take profit or hodl.
Perhaps not so good risk reward for this trade.