Apple Bear Flag Developing
Updated
Apple had a big sell off after earnings. Missed phone sales. Took a short at $222 1 day before the earnings and sold @2.99 when the stock hit $199. I think there is one more short entry developing. I bought a Jan 18th 2019 $175 put @ $1.25 again. Risky but reward 100%-300%. Good Luck
Not and Investment advice. Just sharing my short trade on apple
Not and Investment advice. Just sharing my short trade on apple
Trade closed: target reached
My short target hit @2.99. Apple could find a small support here for the short term. But I think it will drop more. I will reopen shorts if it bounces tomorrow.Trade active
Reopened shorts on the bounce of 200EMA. With all the negative news on Apple we should see the completion of the "bear flag" $182-$185 before rebounding with higher volume.Trade closed manually
@4.89 Closed the shorts
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