I Swing Trade Options, New to technical analysis.
Thoughts on AAPL: Bullish for a Swing Trade (Picked up 200 Calls with Expo at 4/26 Price $3.65)
AAPL is in Break out momentum
QQQs ETF is also in Break out (TEch ETF) (Resistance at ~185)
Positive Aspects:
- Riding the 10SMA (Daily)- Acts as support
- Recently Continued Green Candles above the previous Candles Body
- Earning coming up May 1st
-Recent News with Health Care
- Trade Talks with China would surge the stock higher
Negative aspects
- May consolidate in the Short Term (Back to 10 SMA)
- Earning have been risky this year
Resistance levels:
-199.30ish (Been testing this level today 04/08/2019)
Support level:
-I see support at 191.60
-10SMA (Daily)
- Channel Would also provide support
Conclusion:
With an AAPL Break and Close above 200, I see a target Price of 210. QQQs should continue to rise and Help keep AAPL moving.
I would sell before 210 (Resistance) unless China Trade news comes out. Be Careful with Earnings and take profits when you got them.
Disclosure: I am not a professional Trader, This is not intended to provide investment advice and all trading involved Risk.
Thoughts on AAPL: Bullish for a Swing Trade (Picked up 200 Calls with Expo at 4/26 Price $3.65)
AAPL is in Break out momentum
QQQs ETF is also in Break out (TEch ETF) (Resistance at ~185)
Positive Aspects:
- Riding the 10SMA (Daily)- Acts as support
- Recently Continued Green Candles above the previous Candles Body
- Earning coming up May 1st
-Recent News with Health Care
- Trade Talks with China would surge the stock higher
Negative aspects
- May consolidate in the Short Term (Back to 10 SMA)
- Earning have been risky this year
Resistance levels:
-199.30ish (Been testing this level today 04/08/2019)
Support level:
-I see support at 191.60
-10SMA (Daily)
- Channel Would also provide support
Conclusion:
With an AAPL Break and Close above 200, I see a target Price of 210. QQQs should continue to rise and Help keep AAPL moving.
I would sell before 210 (Resistance) unless China Trade news comes out. Be Careful with Earnings and take profits when you got them.
Disclosure: I am not a professional Trader, This is not intended to provide investment advice and all trading involved Risk.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.