2 key areas to watch before a direction is confirmed
Team, Happy Monday, Hope you are killing it today. I wanted to start off the week by following up from our last week. We had several trades bouncing off our $112.60 level. Whether you were buying shares, buying calls, it was raining money. Today we tested the high point of the wedge which I drew in last week. Although the support at $112.60 is very strong, I...
Team, As I discussed yesterday, AAPL had a false breakout and rejection. Our support around $112.60 made for a 2 point winner at open today. I went heavy with my call options back to $117.50. Decided to hold to see if we can retrace today. NASDAQ:AAPL
Hi team, Yesterday I put together a video where we identified a previous resistance level acting as a support in the $112.60 range. Apple came out strong today and after it bounced off that support level in premarket. My personal opinion is I feel the breakout is premature. The iphone announcement is coming out in a few weeks and there is a gap fill down to $106....
Traders, Like Snp500, Tesla, Uber, Apple is also creating similar pattern. We have a bearish bias but we will have to wait until we get a good confirmation to go short. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what...
In this video, you will learn why Apple and Tesla can drop soon
With US markets losing steam, we could see a red week for APPL
APPL has suffered the biggest dump of shares in its history. Price has bounced back by still less than a 38.2% retracement (at this time). Now price is struggling at a key inflexion point. Will APPL recover? I don't know - as I cannot see into the future. The probability estimate at this time is further downside eventually on the weekly to 3-Daily.
Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :) In this screencast I run through several superhot equities on the monthly time frame. The higher time frames are often the cause of surprises for people' on 15min - 1H time frames. Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of...