Seeing a possible triple top pattern on apple, this could have me going medium term bearish if it starts to roll over.
Average analyst prediction is around $244 and we are already quite near that although it should be considered a longer term prediction. Therefore it would be fair to expect some consolidation.
Volume doesnt seem to be significant enough to signify a breakthrough of this resistance.
Recent earnings had a negative surprise.
However, there is still a fair chance for it to breakout. Apple is always very consistently bullish, so even with some clear signals I cant be entirely certain.
Buying a small PUT position, could see a false breakout potentially but if it rolls over Ill increase position.
Average analyst prediction is around $244 and we are already quite near that although it should be considered a longer term prediction. Therefore it would be fair to expect some consolidation.
Volume doesnt seem to be significant enough to signify a breakthrough of this resistance.
Recent earnings had a negative surprise.
However, there is still a fair chance for it to breakout. Apple is always very consistently bullish, so even with some clear signals I cant be entirely certain.
Buying a small PUT position, could see a false breakout potentially but if it rolls over Ill increase position.
Trade attivo
21 Feb 25 Put $230
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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.