Hi guys,
I redid my Apple chart to make it more clear for new traders. as you can see Apple is on an up-trend right now, and it hit the support line. so we can assume it is going up now.
As you can see, there are two trend lines, one is from a smaller time period than the other, so this one is more accurate. but when we compare the two, we can have a better estimate of when the trend is going to change.
My recommendations: I would buy Apple now and put the stop loss as I did on the chart. this way you won't lose much money if it goes down, and when you sell at the top you will make much profit. the stop loss of course being at the resistance line. the price is also under the moving average which is also an indicator that the price will go up.
I will keep you updated on Apple so you know when the time comes to sell.
As always: trade with care, don't just blindly follow me.
have a great day!
Lothar Veys
I redid my Apple chart to make it more clear for new traders. as you can see Apple is on an up-trend right now, and it hit the support line. so we can assume it is going up now.
As you can see, there are two trend lines, one is from a smaller time period than the other, so this one is more accurate. but when we compare the two, we can have a better estimate of when the trend is going to change.
My recommendations: I would buy Apple now and put the stop loss as I did on the chart. this way you won't lose much money if it goes down, and when you sell at the top you will make much profit. the stop loss of course being at the resistance line. the price is also under the moving average which is also an indicator that the price will go up.
I will keep you updated on Apple so you know when the time comes to sell.
As always: trade with care, don't just blindly follow me.
have a great day!
Lothar Veys
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