WHY I BOUGHT APPLE STOCKS WITHOUT OWNING ANY APPLE PRODUCTS
Updated
1. Price action has shown a bounce off good weekly structure support.
2. 0.618 FIBB levels aligns with structure as well.
3. 200 Day moving averages on the weekly aligns as well with structure.
4. Good risk reward
5. RSI Bullish divergence on daily chart and oversold conditions.
* The high confluence of indicators and price actions gives us enough confidence for a swing trade for apple stock. Cheers do let me know what you think!
Check out the youtube: youtu.be/21j_fGSDs-8
2. 0.618 FIBB levels aligns with structure as well.
3. 200 Day moving averages on the weekly aligns as well with structure.
4. Good risk reward
5. RSI Bullish divergence on daily chart and oversold conditions.
* The high confluence of indicators and price actions gives us enough confidence for a swing trade for apple stock. Cheers do let me know what you think!
Check out the youtube: youtu.be/21j_fGSDs-8
Note
Bullish gap is almost closing up and prices could reverse. If you do not intend to hold for long term, you can close some of your position for a 10% profit and let the rest run with a breakeven stop loss. However, if you are long term, you can look to add if prices should dip further $142. Cheers.I am anticipating a short opportunity in the SNP next week. SO do watch out and trade safe.
Note
There is still support and buying pressure on the demand zone.
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