AAPL Trendline Support Test
AAPL gapped down today and is sitting right around an ascending trendline that started at the April low. AAPL has been trending up ever since, but is threatening to break that uptrend now and has been in a downtrend for the past 2 months.
A break below would likely lead to a move back to the $200 area. For a bounce, I'd be targeting the gap that was created today and the descending trendline from the July high.
A break below would likely lead to a move back to the $200 area. For a bounce, I'd be targeting the gap that was created today and the descending trendline from the July high.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.