AAPL Rollover

Hi Shoppers,

Check out my pitchfork in Apple (Ticker: AAPL):

It has marched straight up after bouncing just before hitting that lowest support level on January 3rd.

The top of the pitchfork is usually resistance and an area where the stock will rollover.

Of course, it can also keep going and trade right on through.

There is another bit of evidence for a pull back – the harami candle.

Monday’s inside day taking place inside the large green bullish candle created on Friday.

That can be a change in trend signal.

I think it is possible for AAPL to trade back down to $187.

Trade Review

Bitcoin (Ticker: BTCUSD) is still consolidating, gearing up for that next leg higher.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

Share This Article

About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

Popular Posts

Categories

Stay Updated

Subscribe to our newsletter for daily trading insights

Upcoming Events

FOMC Meeting

2:00 PM EST

Earnings Season Begins

Pre-market

Options Expiration

Market Close

NFP Report

8:30 AM EST