2019.01.03 AAPL reaches major technical confluence zone @ $142

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Taking a purely technical look at Apple stock (AAPL), it has corrected to a powerful technical confluence zone last night, which should lead to a not-insignificant rally.

AAPL at $142:
- we are at the weekly 200 simple moving average, which is the 50MA for the monthly
- There is weekly support made back in mid-2017
- Golden pocket .618-.65 zone of the swing low in May '16 to the all time high.
- Bullish divergence in RSI seen on the weekly, but more clearly on the daily chart.

All these should lead to a rally in the near-term. There are two likely scenarios for the rally:
- rally to around $180-200, if it runs out of steam, could cause a drop, which could either come back to $150-160 (more likely), or for a new low (less likely), but allowing long-term buyers to scale in at possibly $120 ranges.
- rally to all time highs (not straight up, but bullish bias all the way), until possible slowdown/recession scenarios occur in 1-2 years.

Either way, this points to a LONG at this level.
交易進行
We got a nice bounce to a swing high of about $154.5 as of now, but are not out of the woods yet. Broad markets still look iffy, so if it sneezes, it could take the juice out of this bounce AAPL. I've moved stop-loss up to around $145.9, which gives some room to evaluate.

These are just my opinions.
交易進行
Took some profit yesterday at $174, half position, moved stop-loss up with the other half. I expect a pullback soon which I'll re-evaluate.
交易結束:目標達成
closed at $210. Looking for another long after a significant retrace.
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