AAPL is currently testing the 200 Week MA which is the cyan colored MA you can see in the chart above.
The only time AAPL has stayed below the 200 week for a long period of time was during the Dot Com crash in 2000, since that period it has served as support for almost 14 years. I expect this level to hold, but if it doesn't, I don't foresee AAPL being below the the 200 Week MA for long.
On the weekly chart you'll also see there is strong support in the 140-144 zone.
The safest entry would be to wait for AAPL to confirm that the 200 week MA is support.
The only time AAPL has stayed below the 200 week for a long period of time was during the Dot Com crash in 2000, since that period it has served as support for almost 14 years. I expect this level to hold, but if it doesn't, I don't foresee AAPL being below the the 200 Week MA for long.
On the weekly chart you'll also see there is strong support in the 140-144 zone.
The safest entry would be to wait for AAPL to confirm that the 200 week MA is support.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
