AAPL Paths Moving Forward
AAPL and the rest of the Mag 7 continue to make new all time highs almost every week. We saw some weakness on Thursday for the first time in a while, but once again all dips were bought within 24 hours and we're back to ATH.
Here's some paths for AAPL, this is the 1hr chart, which I think can be good for short-medium term analysis. AAPL had a big bull flag breakout, but eventually pulled back after breaking its ascending channel. It has trendline support below which is holding for now. That trendline support and ATH are the key areas for me this week. I'd expect continued upside if another new ATH is made, but I could see a quick move down to the $220 area if the trendline is broken to the downside.
Here's some paths for AAPL, this is the 1hr chart, which I think can be good for short-medium term analysis. AAPL had a big bull flag breakout, but eventually pulled back after breaking its ascending channel. It has trendline support below which is holding for now. That trendline support and ATH are the key areas for me this week. I'd expect continued upside if another new ATH is made, but I could see a quick move down to the $220 area if the trendline is broken to the downside.
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!
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