Commodity trader long 2500 shares at 465...not sure whats going on but technicals not looking great...if it doesn't turn around quickly i think you might see low 400s. I see technical gap at 431.25-431.75 and another between- $401-$403. Also see the upside gap above 500...might see 394 and then 514....wish it was prettier but I get out next week if it doesn't get above 476 and stay there....thoughts?
Thursdays chart made this stock look like it was turning around...after today's performance we may be looking at a a reverse head and shoulders with 435 as the first shoulder...regardless...this is a great buying opportunity for this stock...100 billion in cash and 10-11 pe...too many fund longs in this...when they get scared and get out this thing will rally $100.
Technicals are horrible. Sold off today completely in the morning. At 431, will start selling puts. AAPL is a strong buy at 375. probably won't happen, unless board meeting totally disappoints. Which it may.
looked at the techs and bought on thursday...was looking for 473...just missed it for a trade and if you look at the line chart the stochs were turning and it also looked like it was going to set up for higher today. With the weekly close the techs look not so good...didnt look bad until 3pm on friday...risk reward of 2 to 1 at the time was worth it...poor decision not to liquidate is not my fault...what do you think i am curious?