Took a bit longer than expected..
In a previous post we talked about how APPL had to retest that Green trendline before it could continue to make a decline. We're only a couple of dollars away from it now. Personally, I wouldn't touch it to the longside until it rejects the green line, and finds some support around the 195-197 area. With China and chip stocks still getting battered the way they are, I don't know if I'd touch Apple to the long side period, none the less, with discipline and tight stop/losses, anything is do-able.
Short @ 205.50-206 -- Stop/loss on a break and hold of $208.
Long @ 195-196 - Stop//Loss on a break on volume of $190.
*NOT Trading Advice, Please do your own analysis!**
Short @ 205.50-206 -- Stop/loss on a break and hold of $208.
Long @ 195-196 - Stop//Loss on a break on volume of $190.
*NOT Trading Advice, Please do your own analysis!**
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