Apple IncPenjualan
Parabolic Move Sets Up Treasure Trade in Apple
Love their products but not current chart. While Bank of America is raising their price target to $290 (which isn't too far away), I am raising a red flag.
This weekly chart speaks volumes. Every parabolic move in Apple has been met with a fierce selloff. The least was a drop of 27% and the most 40%. On a a break and close of the parabolic curve, and only on the break of the parabolic close, we are looking to on a healthy short position. Our initial target will be near $200. Risk:reward should be well over 1:25.
This weekly chart speaks volumes. Every parabolic move in Apple has been met with a fierce selloff. The least was a drop of 27% and the most 40%. On a a break and close of the parabolic curve, and only on the break of the parabolic close, we are looking to on a healthy short position. Our initial target will be near $200. Risk:reward should be well over 1:25.
AlgoTrend Capital LLC
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
AlgoTrend Capital LLC
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.