View Full Version : Long AAPL
Pascal
07-09-2015, 05:58 AM
Here is a video that discusses the AAPL trade.
https://www.youtube.com/watch?v=gLTmHboZw6M
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Artur
07-09-2015, 11:19 AM
Pascal,
I would be cautious about AAPL.
It broke with a gap down the trendline support started in April 2014.
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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.
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Maybe AAPL will act as Nasdaq 100 with a failed recover attempt at the trendline.
Artur
Pascal
07-09-2015, 12:36 PM
Indeed...
Today's selling is rather strong. So no trade for now.
Pascal
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Artur
07-09-2015, 01:38 PM
Short Sales Are at Their Highest Level Since the Financial Crisis
http://finance.yahoo.com/news/short-sales-highest-level-since-134209395.html
Artur
Pascal
07-09-2015, 03:42 PM
Great! So we go higher from here on a short squeeze!
Pascal
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