I have been bullish on AAPL holding shares since just before Xmas at ~$146; TP @$155 was reached about a week ago. However, in the last few weeks concerning the trade tensions and debate with Qualcomm it has been a wait and see strategy.
At this time I am strongly considering a bearish Option Credit Spread and will update with specific strike prices. It is worth noting that I have been bearish concerning the major indexes in general for the last two weeks. Seeing the "shutdown" end right near close friday had an effect on the market but I believe 2670 S&P to be a pretty strong resistance.
Closeup of Fridays session.
Seeing $160 resistance December 31, Jan 18 & 25th.
May 2016 low. $90
October 2018 high $235
for Fibonacci on the Daily chart below
(edit) I will be bullish again with Short Puts and direct shares once the market sees a retest of about 2400 S&P ; maybe slightly higher .
Happy trading my friends; Will update with activity. I do not have the confidence to enter a trade until we see some action Monday premarket.
At this time I am strongly considering a bearish Option Credit Spread and will update with specific strike prices. It is worth noting that I have been bearish concerning the major indexes in general for the last two weeks. Seeing the "shutdown" end right near close friday had an effect on the market but I believe 2670 S&P to be a pretty strong resistance.
Closeup of Fridays session.
Seeing $160 resistance December 31, Jan 18 & 25th.
May 2016 low. $90
October 2018 high $235
for Fibonacci on the Daily chart below
(edit) I will be bullish again with Short Puts and direct shares once the market sees a retest of about 2400 S&P ; maybe slightly higher .
Happy trading my friends; Will update with activity. I do not have the confidence to enter a trade until we see some action Monday premarket.
ملاحظة
$158 showing serious resistance for the second day in a row. be patient.تم حذف الأمر
Upper resistance absolutely decimated. Sold off shares just before earnings .. probably shouldn't have .
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.