AAPL - Overbought and Ready for Xmas Selloff / Profit Taking
Price target was raised on AAPL right as RSI is topped out and price trend is ending.
Price trend is currently over 45-degree angle (unsustainable).
Previous price trend shows same pattern, followed by 29 day and 79 day downtrend.
All red boxes are unfilled gaps in price which should get filled. I believe we may retest the 200SMA.
Buying puts 30-60 days out is best in my opinion.
Everything is pointing to profit taking before end of year.
CNBC Yesterday - www.youtube.com/watch?v=RP8kK4cU...
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short AAPL.
Price trend is currently over 45-degree angle (unsustainable).
Previous price trend shows same pattern, followed by 29 day and 79 day downtrend.
All red boxes are unfilled gaps in price which should get filled. I believe we may retest the 200SMA.
Buying puts 30-60 days out is best in my opinion.
Everything is pointing to profit taking before end of year.
CNBC Yesterday - www.youtube.com/watch?v=RP8kK4cU...
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short AAPL.