Hello fellow traders and investors, here's another trade idea.
Apple has recently pulled back to the SMA200 and very close to the trendline, previously Apple tends to make a reversal whenever it approaches the trendline. If Apple makes a full recovery it offers a little bit over a 17% ROI.
Technicals:
The Macd indicates that Apple is oversold
The Ema's indicate that Apple is still in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
This one could be entirely up to you since you are getting apple at a discount at this moment you could either take a trade and sell at its previous high or invest in the long term since Apple is such a strong company investing for the long term would also be a good option. This is totally up to you.
Fundamentals: Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. Apple's P/E is 32, they have a growth in sales of 22% Q/Q and an ROI of 32%.
Rating: 100/100 because APPL is such a great company and isn't going anywhere anytime soon I'm not concerned about their fundamentals and technically APPL is trading at a discount.
NOTE: I will be watching Apple very closely for an entry point, if this trade idea fits your criteria then add it to your watchlist and follow up with it.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
Apple has recently pulled back to the SMA200 and very close to the trendline, previously Apple tends to make a reversal whenever it approaches the trendline. If Apple makes a full recovery it offers a little bit over a 17% ROI.
Technicals:
The Macd indicates that Apple is oversold
The Ema's indicate that Apple is still in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
This one could be entirely up to you since you are getting apple at a discount at this moment you could either take a trade and sell at its previous high or invest in the long term since Apple is such a strong company investing for the long term would also be a good option. This is totally up to you.
Fundamentals: Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. Apple's P/E is 32, they have a growth in sales of 22% Q/Q and an ROI of 32%.
Rating: 100/100 because APPL is such a great company and isn't going anywhere anytime soon I'm not concerned about their fundamentals and technically APPL is trading at a discount.
NOTE: I will be watching Apple very closely for an entry point, if this trade idea fits your criteria then add it to your watchlist and follow up with it.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.