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's stock may correct
2019-11-11 • Updated
SELL 210; TP 206; SL 211.50
Apple Inc. released Q1 earnings report this week. The stock rose to the highest level since October above $215. Then, however, it met the resistance of the 78.6% Fibo retracement of the 2018 decline and formed a “shooting star” candlestick on D1. As a result, it might be time to remember that Apple’s earnings and revenue declined in the first 3 months of the year, although not as much as analysts expected. Still, the various challenges ahead allow us to expect a correction to the downside.
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