AAPL: Go long above 116.70
Updated
We can enter longs in AAPl with considerable piece of mind, as soon as it breaks above 116.70, risking 5.25usd per share, down from the entry.
Targets are lofty, but it wouldn't surprise me to see a large scale rally take off from here.
Good luck,
Ivan Labrie.
Targets are lofty, but it wouldn't surprise me to see a large scale rally take off from here.
Good luck,
Ivan Labrie.
Comment
69 cent profit, it'll take patience.Comment
Long term, AAPL is a great buy here, or a bit lower, even a bit higher.In 2 days the time at mode uptrend I prognosticated (which already hit the target), runs out of time, which implies that price can retrace back to the uptrend mode at 113.22, but, if price holds above earnings resistance at 116.70, it could shoot up dramatically. I'm holding positions into earnings, as a long term proposition, and adding if we drop, or if we get a suitable buy signal to add to longs after earnings are out.
Comment
You may add to longs, or long the Dec 16, 2016 $115 strike calls. (or short puts at the money)
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