$AAPL @ crucial price point
*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
Apple (
AAPL) has caught fire in the past month, flying up a hot 18%. I've been following this tech giant since early June, and have been loving its activity in the last month. They are currently at a very crucial resistance point, a point set when a short term downtrend started in January of this year. Amazon (
AMZN) recently broke through a resistance; it appears that big tech might be seeing large growth across the board. Regardless if Amazon's breakout has any correlation to Apple's current price action, AAPL appears to be reaching for the skies.
Updated price points for this trade is as follows:
ORIGINAL ENTRY: $127
STOP LOSS: $127
TAKE PROFIT 1: $160
Be sure to follow me @bigshotrob for future updates and posts.
Check out my team over at SimplyShowMeTheMoney
Members of our team are followed there.
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
Apple (
AAPL) has caught fire in the past month, flying up a hot 18%. I've been following this tech giant since early June, and have been loving its activity in the last month. They are currently at a very crucial resistance point, a point set when a short term downtrend started in January of this year. Amazon (AMZN) recently broke through a resistance; it appears that big tech might be seeing large growth across the board. Regardless if Amazon's breakout has any correlation to Apple's current price action, AAPL appears to be reaching for the skies.Updated price points for this trade is as follows:
ORIGINAL ENTRY: $127
STOP LOSS: $127
TAKE PROFIT 1: $160
Be sure to follow me @bigshotrob for future updates and posts.
Check out my team over at SimplyShowMeTheMoney
Members of our team are followed there.
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