We all seen what happened to Apple January 2, 2019. It sure looks like Apple may be on sale, but not quite yet. Notice the gap from the after-hours trading that should get filled before the next leg down. There is another gap that was not filled and is like a radar to traders as a potential bottom at the $122 level. I would keep a watch on Apple and if we fill the recent gap and then break below it, $122 is the next logical price for the Bears.
This chart requires sophisticated analysis than what is obvious, so my apologies for keeping it really simple! I am waiting for the gap fill and retracement before I commit to a short position. I will accumulate at the $120 level and lower, if possible! Consider the trade war and Apple current market-saturation. It's gonna take something big to reignite Apple stock!
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****Correction**** This chart requires [NO] sophisticated analysis than what is obvious, so my apologies for keeping it really simple! I am waiting for the gap fill and retracement before I commit to a short position. I will accumulate at the $120 level and lower, if possible! Consider the trade war and Apple current market-saturation. It's gonna take something big to reignite Apple stock!
Comment
⋅
****Correction***** This chart requires "NO" sophisticated analysis than what is obvious, so my apologies for keeping it really simple! I am waiting for the gap fill and retracement before I commit to a short position. I will accumulate at the $120 level and lower, if possible! Consider the trade war and Apple current market-saturation. It's gonna take something big to reignite Apple stock!