There will be an opportunity to go short the market on apple. The entry will be when price breaks the rising wedge bearish. Target will be at the trend line shown in the bottom. Happy new year!
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Make the trade risk-free by putting stop to break-even. If we get stopped out, we can try to re-evaluate the opportunity.
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You can add to your position, and move stop further down. It is IMO worth a try...
stock prices dont just go up or down because of a charts layout... why would their stock price go down if theyre discounted cash flow is pointing towards an intrinsic value of 190-200. I think id rather listen to jp morgan analyst recommendations. Use technical analysis after fundamentals...
Adamsb
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@YusufS1, We will see. These kinds of analyses have made me profits and still seems to work for me. I am confident that Apple will fall in price, and I will short Apple in case it fulfills my criterias. I make my own analyses and do not take recommendations from banks and think that in these markets it is necessary to do so. From a fundamental standpoint, I am overall bearish on the markets, until we see a correction. However, I have been that for roughly a year and therefore a would not take my words for it.
I stand by the idea that the mass psychology is driving the markets. And yes, the performance of firms behind the stocks have an impact, but there is a lot more to it. If there was not, why would Tesla rise in price?
Btw. I am glad to get different perspectives, so thank you very much for bringing this up.
BertilSpring
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@YusufS1, Remember, always listen to those suited JP Morgan Chase experts! They are always right. Mate, you are completely deluded. Should have listened, mate... should have listened