Apple closed lower today on a positive earnings report and has made a bearish engulfing candlestick pattern in the process. There is an RSI divergence present and optimism in general for the stock and its future. This all points to at least a medium term top.
I suggest going short with a stop on a daily close above today’s high and with a target of about 20%-30% lower from where the price is now.
Whoever chooses to go with the trade good luck.
This is not investment advice and you are solely responsible for your actions. For a full disclaimer see here: www.highprotrading.com/disclaimer/
For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: www.highprotrading.com/performance/
I suggest going short with a stop on a daily close above today’s high and with a target of about 20%-30% lower from where the price is now.
Whoever chooses to go with the trade good luck.
This is not investment advice and you are solely responsible for your actions. For a full disclaimer see here: www.highprotrading.com/disclaimer/
For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: www.highprotrading.com/performance/