Apple IncLong
TRADE IDEA #7 - AAPL - Fakeout than Earnings Pattern?
Update #2 - Closed out at $132. Net gain of 9%. Will buy again at new ath or at around 125.
Update #1 - The long at $120 worked out nicely like anticipated. Move stop to break-even at this point.
Looks likeAAPL is ready for a big move upwards.
Reasons:
As always watch the enitre market and good luck.
Update #1 - The long at $120 worked out nicely like anticipated. Move stop to break-even at this point.
Looks like
AAPL is ready for a big move upwards.Reasons:
- iPhone sales still high and expanding internationally.
- Apples new streaming music service Apple Music has the potential to change the industry. Think Netflix for music.
- Purely technical it looks good with the flag. I also noticed this fake-out to pump pattern before earning releases than more mewn on dividends.
As always watch the enitre market and good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.