As everyone knows by now apple is on a rampage through the market in the last 11 days it is up almost 19%. Its literally been 20 years since this last happened. Market historical theory tells us that a pull back to levels (lined in red), should happen up some point in the next couple of weeks. The ATH is 182.60 and to be honest I think its ill hit that level and pull back 2-3 maybe even 4%. The fact is the rally cant last forever.
As someone who bought puts maybe to early but we will see. I am hoping for a pull back at least by Friday to the 170-173 level.
The moving averages are sitting pretty far away from where the actual price is. I've been told that it makes for an unstable stock and theoretically should see some pull back.
Good luck to everyone trading... Especially the guys and gals short on apple!!!
Feel free to discuss and comment
As someone who bought puts maybe to early but we will see. I am hoping for a pull back at least by Friday to the 170-173 level.
The moving averages are sitting pretty far away from where the actual price is. I've been told that it makes for an unstable stock and theoretically should see some pull back.
Good luck to everyone trading... Especially the guys and gals short on apple!!!
Feel free to discuss and comment