Apple Inc
Long

APPL, Time To Buy?

524
Hello fellow traders and investors, here's another trade idea.
Apple has recently pulled back to the SMA200 and very close to the trendline, previously Apple tends to make a reversal whenever it approaches the trendline. If Apple makes a full recovery it offers a little bit over a 12% ROI.

Technicals:
  • The Macd indicates that Apple is oversold
  • The Ema's indicate that Apple is still in a downtrend

    When To Buy:
  • When EMA's crossover
  • When the Macd indicates a reversal by crossing its EMA

    When To Sell:
    This one could be entirely up to you since you are getting apple at a discount at this moment you could either take a trade, and sell at its previous high or invest in the long term since Apple is such a strong company investing for the long term would also be a good option. This is totally up to you.

    I hope you enjoyed the quick analysis and lots more to come.

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