What to trade on May 9-13?
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Apple’s stock is at risk
2019-11-11 • Updated
Trade idea
SELL 203.80; TP1 200.00; TP2 197.50; TP3 191.50; SL 205.00
The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line. This is a big bearish technical development. In addition, bear in mind that Apple is extremely vulnerable to the increasing trade tensions between the United States and China. As a result, this week the stock’s price will likely stay under the negative pressure. Our targets are at 200.00 (psychological level), 197.35 (50-, 100-day MAs )and finally 191.50 (50-week MA). Resistance is at 208.00 and 215.00.
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