Apple has consolidated for last 4 weeks. Apple weekly resistance is around 121 which bears were unable to break with rsi divergence , i feel apple is ready to fly. (trading idea here is for education and entertainment purpose. Do trading at your own risk).
Why apple should go up
1- good fundamental
2- market got bullish
3- my experience has been apple follows weird pattern, usually it does not follow market direction
4- sitting on 4 week of support
5- apple car will be arriving in next few years
6- apple sitting on large amount of cash
Why apple should go up
1- good fundamental
2- market got bullish
3- my experience has been apple follows weird pattern, usually it does not follow market direction
4- sitting on 4 week of support
5- apple car will be arriving in next few years
6- apple sitting on large amount of cash
Comment:
best strategy to trade is a put butter fly , long leap or a put credit spread. If you have cash then stock buying is good to
Comment:
increased in price from the date posted. Power of technical analysis.