AAPL - Apple
This is actually an old chart I drew for a friend (who longs AAPL), suggesting he sell when the price broke the trend line.
Here we can see the price was squeezed right up to that same trend line (now resistance) on May 3rd's epic short squeeze and the price is now in retreat.
Looks quite oversold here. QCOM is another good Apple proxy short currently.
This is actually an old chart I drew for a friend (who longs AAPL), suggesting he sell when the price broke the trend line.
Here we can see the price was squeezed right up to that same trend line (now resistance) on May 3rd's epic short squeeze and the price is now in retreat.
Looks quite oversold here. QCOM is another good Apple proxy short currently.
Comment:
Comment:
Looks very bearish for 5/8 but holding these puts could be either very rewarding or super risky if a trade deal gets announced before EOD tomorrow.
