AAPL upcoming Earnings - multiple timeframes

2019年1月28日

I have been bullish on AAPL holding shares since just before Xmas at ~$146; TP @$155 was reached about a week ago. However, in the last few weeks concerning the trade tensions and debate with Qualcomm it has been a wait and see strategy.

At this time I am strongly considering a bearish Option Credit Spread and will update with specific strike prices. It is worth noting that I have been bearish concerning the major indexes in general for the last two weeks. Seeing the "shutdown" end right near close friday had an effect on the market but I believe 2670 S&P to be a pretty strong resistance.

Closeup of Fridays session.


Seeing $160 resistance December 31, Jan 18 & 25th.


May 2016 low. $90
October 2018 high $235
for Fibonacci on the Daily chart below



(edit) I will be bullish again with Short Puts and direct shares once the market sees a retest of about 2400 S&P ; maybe slightly higher .
Happy trading my friends; Will update with activity. I do not have the confidence to enter a trade until we see some action Monday premarket.

2019年1月29日

註釋

$158 showing serious resistance for the second day in a row. be patient.

2019年1月31日

取消訂單

Upper resistance absolutely decimated. Sold off shares just before earnings .. probably shouldn't have .