Here is a video that discusses the AAPL trade.
https://www.youtube.com/watch?v=gLTmHboZw6M
Here is a video that discusses the AAPL trade.
https://www.youtube.com/watch?v=gLTmHboZw6M
Pascal,
I would be cautious about AAPL.
It broke with a gap down the trendline support started in April 2014.
It seems that a recover attempt to 125$ zone could be a good short setup.
I agree with you as you wrote in today’s comment that “it broke below its Lower Boundary. This indicates a possible trend change”.
The Nasdaq shows the same behavior. In this example even the 100 days MA is acting as a resistance.
Here the Nasdaq 100 Index chart.
Maybe AAPL will act as Nasdaq 100 with a failed recover attempt at the trendline.
Artur
Last edited by Artur; 07-09-2015 at 11:29 AM. Reason: Resizing charts
Indeed...
Today's selling is rather strong. So no trade for now.
Pascal
Short Sales Are at Their Highest Level Since the Financial Crisis
http://finance.yahoo.com/news/short-...134209395.html
Artur
Great! So we go higher from here on a short squeeze!
Pascal