Apple IncLong
AAPL Bullish on 4hr Chart
Updated
Greetings. I'm bullish on AAPL, based on the 4H chart in the short-term. AAPL has found support at the Quarterly (50) EMA. In addition:
1. AAPL is two standard deviations (BELOW) its normal price (RED Line), which I interpret as an opportunity to go LONG.
2. MACD histogram is trending up on 4H and D charts.
3. Stoch RSI is trending up on 4H and D charts.
Caution:
1. Weekly Chart is still bearish and nearly (3) deviations from the normal price. Proceed with caution.
2. Monthly EMA (20) may act as resistance at $118.
3. Green Line is long-term trend support.
Weekly Chart:
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
1. AAPL is two standard deviations (BELOW) its normal price (RED Line), which I interpret as an opportunity to go LONG.
2. MACD histogram is trending up on 4H and D charts.
3. Stoch RSI is trending up on 4H and D charts.
Caution:
1. Weekly Chart is still bearish and nearly (3) deviations from the normal price. Proceed with caution.
2. Monthly EMA (20) may act as resistance at $118.
3. Green Line is long-term trend support.
Weekly Chart:
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Trade active
BTO 10/16 $120 CTrade closed manually
Profit.
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