We are at the bottom of the upward trendline. I like the lower wick on Friday's candle signifying that there was a lot of buyers coming in at this level.
I would like to see a close above the 50 day EMA on the daily time frame, ~$172.50, before going long. Worst case scenario we bounce off the 100 day SMA on daily time frame, which would be an amazing buying location.
Considering a far OTM BPS over earnings as well.
I would like to see a close above the 50 day EMA on the daily time frame, ~$172.50, before going long. Worst case scenario we bounce off the 100 day SMA on daily time frame, which would be an amazing buying location.
Considering a far OTM BPS over earnings as well.
Comment:
Looks like earnings was a flop even though AAPL's earnings were positive. Overall market is pulling back.
Look for an entry off the 200 day SMA around $159.5, or support at $155 if that doesn't hold.
Look for an entry off the 200 day SMA around $159.5, or support at $155 if that doesn't hold.
Market looks to being pulling back....finally.