As you can see here, we have bounced off of a major trend line and the YTD VWAP as well. The MACD is about to cross and the RSI hiekin ashi has flipped from oversold to green. This is all on the daily chart.
Description
AAPL makes ATH today and closes above, signaling supply is exhausted.
Using long calls.
Long Call
Levels on Chart
SL < 157
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 162.5C
R/R & Breakevens vary on fill.
The long call is placed to achieve desired debit.
Manage Risk
Only invest what you are willing to lose
Description
Been watching these fans lines play out in accordance with the Fan Principle in general technical analysis, but did not want to enter a position off of them.
Now, off of the third fan break and and ATH break, it seems that the principle has held true, and signaled an end to the intermediate corrective trend.
The break and close over ATH signals a...
1 hour chart!
Hey guys been following Tesla closely! Was hoping for a bull back to break trend and go down to the 400s and possibles 300's.
It looks like it may have found its bottom and we may be on track to its previous $1000+ projection!
It has got a $900 Price Upgrade this morning and The U.S. 10 Year Treasury yield is going down slowly, Tech is making a...
