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 ran into resistance
2019-11-11 • Updated
Trade idea
SELL 207.00; TP1 205.00; TP2 202.50; SL 206.00
The stock of Apple met the resistance of the line connecting 2018 and 2019 highs. The price didn’t manage to move beyond 209.00 and formed a small “bearish engulfing” pattern on D1. In addition, Awesome Oscillator shows bearish divergence. This allows us to expect that the stock will undergo at least a small correction to the downside.
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