AAPL - swing puts - see 30min and daily charts

after move lower, stock has consolidated and tried to move up, but failing at 20SMA resistance. check 1:30 candle for bearish engulfing pattern. Also on daily chart, stock closed below 10sma and retested it today. Looks like stock will head back down to 230.

ความคิดเห็น:

I wanted to offer one word of caution. AAPL could find support around 238, or around 233, if buyers step in. I used this chart to place a day trade, and stock could go back to lows or start moving back up. This is generally true of many stocks right now. Look at daily charts and you will see bullish divergence between RSI and stock price. Also after such a large drop on weekly charts there is room for more upside bounce. I am looking at multiple timeframes, being cautious, and taking profits quickly.