Apple a Case Study! Who Sold High Who Will Buy Low?
Updated
High mates, Sharing weekly Chart of American tech Ginat Apple as we all know that after a parabolic run from swing lows to all time highs it has given a tremndous returns of 59% from swing low to all time high in just six months so after this heat run it became often or always seen some profit booking, fresh shorts and corrections the reason behind this can be anything but one thing is damn sure in markets that no matter how big or smart is a trader or investor till date no one has been able to sell at highs and no one has been able to buy at lows.
But with constant study and tracking the movements maybe we can get active near to highs or lows and caan make a good investment or trade, it all depends on our trading setup and mindset. So for this i marked up some S/R and key levels on chart might can help in accumulation or reversal or breakdown trade in coming sessions.
This idea is meant for learning purpose this is not a trade advice.
Best Regards- Amit
But with constant study and tracking the movements maybe we can get active near to highs or lows and caan make a good investment or trade, it all depends on our trading setup and mindset. So for this i marked up some S/R and key levels on chart might can help in accumulation or reversal or breakdown trade in coming sessions.
This idea is meant for learning purpose this is not a trade advice.
Best Regards- Amit
Note
Daily chart it is looking a bounce back from supportNote
Good reversal from support bounce, Can reach to mentioned resistance after bounceNote
Reached to resistance one, now waiting for a break and close of it for making fresh long, after support bounceNote
Yesterday gives a close above resistance which i mention for after support bounce, now sustaining very well above that resistance with bullish strength so we can see that it will reach soon to above mention resistance, So now i will take a trailing stop loss below close of current resistance which is near to 183 levelsTrade closed: target reached
Price reached to marked near all time high resistance area, It seems that it was a good weekly closing after several weeks and i assume that we can see more good upmoves by the pice from here. But closing this publication mates will share my new trading idea on Apple.
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