Hi team,
Yesterday I put together a video where we identified a previous resistance level acting as a support in the $112.60 range. Apple came out strong today and after it bounced off that support level in premarket. My personal opinion is I feel the breakout is premature. The iphone announcement is coming out in a few weeks and there is a gap fill down to $106.
A breakout today if it holds signals a trend reversal where now the stock is trending upward. Adjust your risk management plan as such and focus on buying call contracts 2-3 months out in the $117.50-$120.00 if we continue to move higher.
Monday-We had a break to the downside at open from premarket highs
Tuesday- We had a break to the downside at open from premarket highs
Wednesday-Gap Lower from previous day and breakout?
.....
Yesterday I put together a video where we identified a previous resistance level acting as a support in the $112.60 range. Apple came out strong today and after it bounced off that support level in premarket. My personal opinion is I feel the breakout is premature. The iphone announcement is coming out in a few weeks and there is a gap fill down to $106.
A breakout today if it holds signals a trend reversal where now the stock is trending upward. Adjust your risk management plan as such and focus on buying call contracts 2-3 months out in the $117.50-$120.00 if we continue to move higher.
Monday-We had a break to the downside at open from premarket highs
Tuesday- We had a break to the downside at open from premarket highs
Wednesday-Gap Lower from previous day and breakout?
.....
The Aspiring Entrepreneur
www.youtube.com/channel/UCC3JWoylvFuqq6pRPWJFlfg
www.youtube.com/channel/UCC3JWoylvFuqq6pRPWJFlfg