The_Cannalyst

Short again?

Short
The_Cannalyst Aktualisiert   
NASDAQ:AAPL   Apple Inc
26
The BIG SHORTSIGNAL tarries. The in my former analysis exspected big shortsignal did not occur. First, it seemed as the shortsignal will be activated - two days later we saw, that this was just a false breakout - a bear trap! From then on Apple jumped up to his 0,5 fibo retracement and tried to close the still open gap. But Apple did not beat and close the gap, Apple was sold again.
As long AAPL is trading below the GAP`s bottom edge, i exspect a further weak performance. The chart will only be brighten if APPL could beat the last High at 112$! or shortterm: The shortterm will brighten, if APPL could beat the last High at 100.5$, than there is the possibility that APPL could test the downtrends upper edge at 106.5$

My former analysis`s are still valid.

former analysis:
Downmove faster than a speedy bullet
The decision was made! Faster than exspected, Apple-1.51% crashed and converges to the Pivot Support Level at 93$. Could Apple-1.51% not defend this Level, a further downmove till 60$ could be exspected.

At the actual Level, 2 different trades can be made.
1: Midterm short trade with Stoppsell @ 90-91$, SL 108 and TP 60$!
2. Tripple-Bottom-Fishing: Entry Now, SL between 87-92, TP 110$

My former apple-Analysis showed some different sights - they arestill valid:
APPLE - READY FOR TAKEOFF???
The longterm trend is still full intact. Now Apple-1.51% has reached it s Pivot Level - the falling trendline @ 111.5$. Here is based the SMA 200 - this SMA could be seen as a resistance as well as a buy-trigger.

At this Level, several trades can be made:

1. Trying to catch the next downwave with a shortterm Short Position for those who don`t believe in higher Prices:
- Entry would be at the actual Price @ 110 , SL 115$ TP1 93$ If we see this Szenario, athe next short trade can be made:
2. Midterm short trade with Stoppsell @ 90-91$, SL 108 and TP 60$!
3 For those who believe in higher Prices, a shortterm Long Position with StopBuy near above the SMA 200 , SL near below the SMA and first TP would be the last High @ 123.5$.
4. The next procyclical Long Position could be opened with SB0.00% at 124-125 with SL 115 and TP 133
5. The Big strategic longterm-Long Position can be made with Prices above the Alltimehigh at round abpout 135$ with SL 122 and TP 160


Kommentar:
Is that the REAL BIG SELLING SIGNAL TODAY? or the next bear trap? opened short Position!
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