Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
That's a big red candle today....and it surprised me honestly.
First support underneath is the uptrend line (~621 or so) and then a volume shelf at ~615. If AAPL loses 610, I'd be a tad bit surprised but I wouldn't be shocked.
Definitely not the earnings run we are used to seeing in AAPL.
I trade Apple from a longer term swing position, so I am still bullish here as I believe the QQQ's are heading higher, and I believe AAPL will as well into EOY.
I have to hold it longer because it's just so damn expensive, so I take smaller position for longer period of time. I think a stock split for AAPL would be a very bullish move, and I would welcome it
AAPL wasn't happy on Friday as 100 Day MA, the up-trend line from May, long term S/R at 620, the Weekly 20 Week MA @ 627.15 and the Volume shelf at ~617 were all broken. This was a powerful move down.
Next support at ~602 (bottom of the volume shelf)...if no bounce there then the next level of support 590 (Long Term S/R) then 200 Day MA at 581.25 and the Monthly 10 MA at 580.02.
Until I see some digestion at these levels, i'm not looking for any swing longs and wouldn't short AAPL down here with earnings coming up. As always, I will be looking for intraday trades.
