AAPL is consolidating here in a wedging pattern. I do not know which way this will resolve. But, since I rarely if ever short, I am looking on the long side of a trade. The thing I like about a consolidation pattern like this is, you know when you are wrong very quickly. My plan is to take a ¼ size long position if / when it moves above the 50 DMA (red) with a stop just below the most recent low (which would also correspond to dropping below the lower wedging trendline.Then if it can break out over the upper downtrend line, I will look to build out my position. I thought this would be a good one to put on your watchlist. If you like the idea, please make it your own so that it fits within your trading plan.
Operación activa
I have been long AAPL for about a week. I have added progressively and as of today have a 125% position as it looks like it is breaking out here. Nota
AAPL Building a nice bull flag here... I am looking to add to my position.
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I am under no obligation to post any action or update to any idea.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.