Apple בע"משורט
$AAPL BULL TRAP?!
We saw AAPL consolidate around the $140 mark with some average volume and then run up this past Thursday to $143. But on Friday, we saw it pull back a bit from the initial run during the early opening hours.
Volume: The run-up on Thursday was not supported by volume. This makes me believe it may be a bull trap and if I had to bet on it I could seeAAPL pull back this coming week. I still largely believe that AAPL will pull back to the $135 support; the 200 EMA also coming in as support at that level. The SPX had the same run-up with below-average volume.
Overall Sentiment: The markets have been choppy with traders unable to decide whether the Jobs Report was a good sign for the market or not. Obviously, with lower-than-predicted numbers, we would usually see this as a bad sign. But many are watching it to gauge when the Fed will begin its tapering.
Let me know what you think.
AAPL consolidate around the $140 mark with some average volume and then run up this past Thursday to $143. But on Friday, we saw it pull back a bit from the initial run during the early opening hours. Volume: The run-up on Thursday was not supported by volume. This makes me believe it may be a bull trap and if I had to bet on it I could see
AAPL pull back this coming week. I still largely believe that AAPL will pull back to the $135 support; the 200 EMA also coming in as support at that level. The SPX had the same run-up with below-average volume. Overall Sentiment: The markets have been choppy with traders unable to decide whether the Jobs Report was a good sign for the market or not. Obviously, with lower-than-predicted numbers, we would usually see this as a bad sign. But many are watching it to gauge when the Fed will begin its tapering.
Let me know what you think.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.