jangseohee
Short

AAPL, channel top

NASDAQ:AAPL   Apple Inc
112 12 4
Sell Order as shown.
My short was triggered today 118.36
Reply
jangseohee lmsmith
Well done, but just know where your max pain is.
from daily chart, +DI is about to make lower low, that doesn't mean price will reverse tonight!
It might try to reach 120+
from a weekly chart, price is pierce above upper BB bands.
from a quarterly chart, the bearish divergence is more serious, but it takes time
Do you short the share outright or via buy put options?
Reply
lmsmith jangseohee
I short shares out right, the whole number theory $120, appears where they want to take it... but I started with a reasonable position size with room to add. I don;t expect this to drop right away, I have a feeling I'll be holding until the new year
Reply
jangseohee lmsmith
on a daily chart, i have +ve DMI making a lower high and MACD histogram making a bearish divergence, i dont know how big the correction is, my AAPL are lossing but i will see how Dec candle develop.
Things do not often go according to our way, when it is time to cut the pain, i will, so as for your case
Does dividend payment make you lose more?
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jangseohee lmsmith
If there is another follow through, that would be fantastic!
Reply
jangseohee lmsmith
You are a happy man now Smith :-)
After your 118.36 triggered, i went in the following day a bit higher to average up my 113 & 115, so i got in 119.5
Reply
jangseohee lmsmith
Hi Smith,
I hope you have taken partial profit from where you short one day before Mdm Y's speech :-)
Reply
Hi. Can I ask you if you're still short in AAPL?

Is it safe to say that the channel is broken?
Reply
jangseohee JohnKeverich
Hi John, how do you do?
Oh yes, I short AAPL using put options expiry into Jan 16, and beyond, and of course, it has incurred some losses which is within expectation
thats right you can safely say that it broke up of the channel as channel do gets break out very often.
my quarterly AAPL chart shown me different scenario with divergence, so i have convicted to hold until quarterly chart show strength.
Reply
jangseohee JohnKeverich
Hi John,
Channel can always be broken, but if the channel is very strong it, it can pull the break out price back :-)
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