andrew.berg

AAPL 2nd day continuation

NASDAQ:AAPL   APPLE INC
Apple             ( AAPL             ) gave us 2nd day continuation down move. Here is quote from yeasterday's morning review https://www.evernote.com/shard/s360/sh/bcf46c2b-a118-4dc1-aace-033c9ec06774/802333ed94118380e4f54aa6a56f554a: "Apple closed on low of the day. And I expect to see some follow through below $594.43.".
It was a bit slow but gave two good Short opportunities: on break down of previous low of tha day and then pullback close to that. It stalled in front of support from 5th of May and 200MA.

Today, my plan is to sell from resistance zone $593.50-$594.40 then I expect to see retest of support zone $586.36-$587.73 and potential break down as I expect another day but I will measure. If it will go through my resistance zone and hold there then I will switch my bias to upside.

Let the price tell us how to trade. I will use my levels to make adjustments.
Close to selling zone, showing relative weakness vs $QQQ. Short. Stop above previous high of the day
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out