Retail has capitulated on the apple stock it seems. Volume looks climaxed, support seems to be shown, and more importantly, the gap was filled. This entire dump is pretty crazy
I think apple announces buybacks and iphone event within next two weeks, which will push the stock to around 118. Then sideways and up until their earnings beat Oct 30th. Surveys show...
The sentiment is without a doubt bearish right now. Everyone is calling for lower prices. Seems too easy to short the peak again, I went long at the 200 EMA on 4hr. Look at how nicely the price has bounced off of this average thus far.
Target is around 12k, but I don't plan on selling there. The market wants to melt up.
Wait for confirmation on break of 1500 level. IMO, palladium is going to be useless. It's #1 use case is in ICE cars, and IMO, EVS will be everywhere by 2030.
Trying to find a way to capitalize on the downfall. Not really any options out there, would love some input . Thanks!
Bought back the short leg of my INTC 7/19 call spread this morning. INTC looked strong today when the macro trend was very bearish.
Closed 2/3 of the position, rest is on the house. May add to the position if RSI breaks above 30.
Chart is just for fun :)
I am long on TSLA from 226 (shares).
Looking to hold 50% of these long-term. Selling half @ 250.
Will double down if TSLA touches the 200 area.
R:R for long is very attractive. Don't see much more downside unless the MACRO trend continues down.
Been awhile since I posted an analysis as I have been traveling and trading from the road (minimal amount).
I added to my long on TSLA on Friday (shares @ 235 ), and added a 250 / 265 call spread for May 31st.
Entry @ 3.95
Stop loss at -20% @ 3.16.
I'm expecting price to retrace to the 270 area before end of the month, but will close the position...