I know i'm going against my own technical indicators which are showing a move up with some bullishness (though very light) - but my rational is, look at the bars marked 0, 1 and 2, they are fake "buy" bars when they are in reality selling bars. My other reason is, the price movement looks like an old snail going up a slope - it can barely hold it - and the MAs are not "gaining" .. we saw the exact same pattern before at the $330 level.
so i still support my previous post, that this is a trap for the longs - and we can expect a move down, and it will be a swift move - maybe to the $255 level -- this is not a proper projection thought, cause we still don't have enough data to calculate a good projection until the actual move down starts.
so i still support my previous post, that this is a trap for the longs - and we can expect a move down, and it will be a swift move - maybe to the $255 level -- this is not a proper projection thought, cause we still don't have enough data to calculate a good projection until the actual move down starts.
Comment:
Comment:
what is happening here ?? AAPL 4% up and TSLA 12% up ?? one is producing face masks and the other is now producing ventilators -- they are both not doing their core business and the news this week are already dark with > 2M cases.
who is pushing these stocks up?
Man! we're in for such a big surprise .... i do hope i'm wrong!
who is pushing these stocks up?
Man! we're in for such a big surprise .... i do hope i'm wrong!
if the move down happens, we may get some support at $259, from there, the next level where we had previously seen some Supply/Demand balance is the $250 - $255.
note: i do not recommend shorting AAPL -- the better play would be to wait until the dip is over then we consider to go long (or buy CALLs), that way we get both "the AAPL sentiment" and the market winds (on a move up) behind us. on any short trade, these forces act as opposites which doesn't help the trade odds.