On our post earnings analysis on the 31.07 we were bullish Apple as the stock was trading at $217 and had crossed the $213.5 Fibonacci level. We were therefore expecting that Apple could potentially hit all time highs but as we feared could happen a souring of US/China trade relations has caused a sharp reversal in Apple's stock price and we have therefore fully hedged our position whilst we await further developments in the equity markets.
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