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gaaragaara
Aug 19, 2019 7:27 PM

AAPL 1H chart rsi overbought, price rejected by known resistance 

Apple Inc.NASDAQ

Description

wait for pull back, 1st entry @ ema15 if it confirms as support. If price breaks below ema15, 2nd entry @ 180MA if it confirms as support, look for the bounce. stop set just below ema180

Comment

Pre-market price action showing signs of consolidation near key resistance of 212 area. Locking in 50% profit . Watching for break above 212 to continue with remaining 50%

price action on the 4 HOUR chart shows gap fill remaining to the 209 level, watching for possible pullback & EMA15 to act as a support here.

Stop loss reset for remaining 50% of trade. Set just below EMA15
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