AAPL is at a crossroads : eliminate the noise

AAPL is at a crossroads: above it's 5 month trend line, breakout above it's 2 month downward trend channel, forgot about it's tight April - May trend channel and below it's 2 year trend line, a bunch below it's split $138 breakout high, well above it's 52 week covid low of $53 & possible head and shoulders on the 2 month. haha, if that's not enough intersecting of patterns, I don't know what is. So, what then do you use for an accurate price action prediction? Well, k-i-s-s keep it simple silly, just eliminate all the noise. I'd go with the fact that it has an amazing $$ balance sheet, Newsworthy iphone12 ; 5g, covid impervious, ubiquitous global adoption, it's below it's 2 year trend line and supported by it's moving averages, RSI is starting an up trend & volume has consolidated +. I expect AAPL to go up from these levels as a general medium-long term rule. Period. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/

Сделка активна:

11/20$118/120 strangles at 2:59pm

Комментарий:

This week ending 11/20 is monthly options expiry & Q3 earnings completion, so more likely than not, expect some big moves.

Сделка закрыта вручную:

liquidated strangkes moving sideways this week losing from theta