VaughanAdams
Long

AAPL DEC 01 2018 - WEEKLY FINALLY BOTTOMED OUT?

NASDAQ:AAPL   APPLE INC
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The past 8 weeks have been red for AAPL

We have finally gotten one green candle and i am now on lookout to close my short.

Expecting this week to close a large green body candle we so desperately are over due for

Ill be watching the daily support levels for an entry. Last 2 days closed red, which retraced about half of the little bull run. Ill be watching to see on Mondays opens whether this was a pull back and our journey up is to begin.

If things do turn bloody, i wont be alarmed until we break $170. Weekly candles typically have lower wicks. Wouldnt be a surprise if this week forms one too, offering a great entry.....



Targets

$185 (this was a support level before a gap down which would now become resistance)

If we break above then next stop is 200ma which will end around $193 ish



Comment: Target of $193 is using daily 200ma, not weekly
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