AAPL reversed off its resistance at 229.70 where it could potentially drop further to 192.60.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot...
Apple has recently taken fresh support from 160 and formed strong Bullish Engulfing candle which shows bulls are trying to take control. I will be Bullish on Apple this week as company is fundamentally strong. I will BUY near 165-163 with The STOPLOSS of 159 For The TARGET of 170 and Monthly Target of 180-190.
This idea zooms in on how AAPL is trading sideways and how you can still benefit from it. One can make 5% per trade if only going long (one can also go short of course). Three legs up equals 3 x 5% or 15% easy money.
A straightforward way is to look at the CCI (Commodity Channel Index) in combination with the MACD. Important is to have a close look to the candles...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
It appears that Apple might be coming up on some strong resistance soon.
possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low
additionally my stochastic indicator is reaching the overbought condition.
will look to go short @110.55
all comments welcome
The technical picture for AAPL prices look bearish. First support is at 89.50. If that breaks we could see more down side to the level of beginning to may 2014 at 75.93 Let's see where apple stock will open today.
97.27 $ 2. Target (3.30 $ Chance)
96.58 $ 1. Target (2.61 $ Chance)
93.97 $ last Price
93.42 $ 1. Support (0.55 $ Risk)
92.39 $ 2. Support (1.58 $ Risk)
Change/Risk Ratios are 1st 4.75 and 2nd 2.09
C/R Ratio = 1.Target and 2.Target
You can use both support levels as stop-loss price levels.
And both targets also even as take profit price...