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!
Stock market: Apple is under pressure
2019-11-11 • Updated
SELL 184.00; TP 178.00; SL 185.50
The company’s presentation on Monday didn’t save its stock from correction. The price returned below the 200-day MA (193.00) and the 50-week MA (188.60). All in all, this year the stock retraced up almost 61.8% of the 2018-2019 decline, but the psychological mark of 200.00 turned out to be too big an obstacle.
Awesome oscillator didn’t confirm the recent high of the price and a bigger correction towards the trendline support in the 178.00 area is possible if the market goes below 185.00.
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Are you searching for trade opportunities for December 6-10? Here you go!
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