BoonHooi

Bearish Bat on AAPL

Kort
BoonHooi Uppdaterad   
NASDAQ:AAPL   Apple
Why a bearish pattern on AAPL ? ;p because I have stopped buying their products. (just kidding)
Spotted a Bearish Bat on Apple Inc. Would like to see a reaction at the 117.00 levels.

Also RSI moving up to the oversold levels, risk reward of 2.3x
Handel aktiv:
Although it is not really a perfect time to take a trade close to the holiday season, but a pattern is a pattern. My short was triggered at 117.20 last night.

Stops at 119.20 but I will be watching this. A warning sign to exit will be if the price continues to bash above the PRZ. This current moment, the 117.20 looks respected.

Merry Christmas to all.
Handel aktiv:
Thou price has not moved much, I am liking the behaviour. Price respecting the PRZ and forming a rising wedge pattern (bearish reversal). Maybe it is just the holiday season.
Handel aktiv:
Hope that this is the start of the new leg down. Moved stops to $118.20
Trade stängt: Stopp nått:
Trade closed last night at my tightened SL of $118.20
Saved about $1 of losses as the original SL of $119.20 was also hit.
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