Short Apple?
What a very risky play and my analysis have been on a loosing streak! Nothing to hide here, just honest analysis. Why do I keep getting killed?
Here are my thoughts on Apples price movement for the very short term.
2 sell signals initiated by D+ which is an insanely accurate buy and sell indicator that gives signals based on their algorithm that combines RSI & Divergence.
MACD also shows extremely high levels of price and volume and they have just started to balance out and will potentially slow down & drop as indicated by the most recent red bar showing the start of bearish strength.
On the Contrary the Kurotoga cloud shows a support at $148.76 a share which is not far from its current price, so will apple fall below that level of support?
If it were to fall below that cloud I would have no issue shorting it to $146 a share and scalp a quick profit regardless it hits that price or not. The goal is to ride the wave down. But will it fall at all? What are your thoughts?
Here are my thoughts on Apples price movement for the very short term.
2 sell signals initiated by D+ which is an insanely accurate buy and sell indicator that gives signals based on their algorithm that combines RSI & Divergence.
MACD also shows extremely high levels of price and volume and they have just started to balance out and will potentially slow down & drop as indicated by the most recent red bar showing the start of bearish strength.
On the Contrary the Kurotoga cloud shows a support at $148.76 a share which is not far from its current price, so will apple fall below that level of support?
If it were to fall below that cloud I would have no issue shorting it to $146 a share and scalp a quick profit regardless it hits that price or not. The goal is to ride the wave down. But will it fall at all? What are your thoughts?
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