Apple stock is in indecision zone. Fundamentals for stocks say recession / bear market but FED QE infinity is bullish for stocks. that is macro larger term view though. Here we see that APPLE stock is in an indecision point here under the 100 day MA. would like to see it break above this. then retest and have long entry at green 283.03, probably add 12 cents to that and make it 283.15 for front runners and then have my stop close due to high volatility in markets currently. Stop in Red on chart. If breaks red supply zone can enter short upon bearish retest. would place stop on green long entry. looks like more volatility coming and decent move either way just need to wait for the breakout and for market to choose direction. If we break down chance we are in larger range and can belong near 200 day MA at $248. would again place a tight stop as we can hit much lower rather quickly. stops will preserve capital in this market, but there is a lot of money to be made with the extreme volatility with proper risk management.
This is not financial advice but for educational purposes only.
This is not financial advice but for educational purposes only.
Comment:
Most people are bearish that I have seen and media is excessively bearish, providing fuel for a short squeeze. Market can remain irrational much longer than you can remain solvent. Tight stop losses will save you arse. I do like this volatility it is good for traders and I think if we wait for breakout we can make some good swings, and I think this volatility can perhaps stay until the end of the year.
Comment:
this rising wedge broke down so it is something to keep in mind, but we didn't make it very far in the wedge so I question it's validity.
