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longsonvn
Mar 20, 2024 11:32 PM

AAPL March 20, 24: The Come Back? Long

Apple Inc.NASDAQ

Description

We have written 2-3 posts about NASDAQ:AAPL to find entry, you can see them in the related ideas section.

As the stock was (and still is) trading below its key moving averages: MA-50, 150, 200, we expected the stock to go down further from the price range $168 - $169.

However it did not happen like we expected. On March 20, NASDAQ:AAPL showed a strong session, though volume did not pick up yet. The stock closed at high, crossed above the resistance AND its moving average MA-20.

Therefore we started to enter the stock again here around the close.

Trade closed manually

I closed the trade on March 21, as it did not follow through and go down below both the resistance and the support
Comments
amaloyz
debunked , no follow through i sold all
CharlesPaquette
longsonvn
@CharlesPaquette, @amaloyz was correct =))
longsonvn
@amaloyz, Well done!
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