Have a look at Apple’s stock

Have a look at Apple’s stock

2019-11-11 • Updated

Trade idea

SELL 234.60; TP 233.00; SL 235.00

There are many ways to trade the market sentiment in relation to the US-China trade war. For example, you can bet on the stock of Apple as the American company has strong ties to the Chinese market. The optimism which spiked at the end of the last week is now slowly replaced with caution. 

Apple’s stock met resistance in the 238.15 area and formed a lower high on the H1. Given the change in sentiment, a minor correction of the price to 233.00 seems quite likely. All in ll, the price remains in an uptrend, although it has obviously gone far away from the daily MAs.  

You can trade stocks with FBS using MetaTrader 5.

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