As it is trading below both the moving averages MA-50 and MA-200, we should expect
AAPL
to go down further.
Until it doesn't.
To be clear, I am not shorting
AAPL
, do not have any plan shorting it, and never ever short any stocks in general.
As described initially about the stock in an another post in the related idea section, I am looking for entry point when the stock stops moving down and starts to move up again.
Part of this plan is to look for reversal pattern.
Currently there is not any, only possible continuation pattern for the down move.
AAPL
to go down further. Until it doesn't.
To be clear, I am not shorting
AAPL
, do not have any plan shorting it, and never ever short any stocks in general. As described initially about the stock in an another post in the related idea section, I am looking for entry point when the stock stops moving down and starts to move up again.
Part of this plan is to look for reversal pattern.
Currently there is not any, only possible continuation pattern for the down move.
Trade active:
On March 20, we entered the stock as it crossed up its moving average MA-20. See the related ideas section below for details
Trade closed: stop reached
