Apple ran into resistance

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. 

Apple.png

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