markmckay

AAPL breaks 50-day downtrend on FOMC day

Long
NASDAQ:AAPL   Apple Inc
CATALYST

Today is FOMC day. The Fed news just came out and it is seemingly positive, indicating that there are 3 rate cuts a head this year.

SETUP

Trend Reversal.

We are coming off a +55 day down trend. With today's announcement, we've broken the trend line.

RRR

8.07

PROFIT

12%

LOSS

2.55%

SOURCE

My list
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.