AAPL is Breaking Down and We Are Trading It

Licia Leslie

Licia Leslie

Licia Leslie

Hi Shoppers,

It's our last day for 0DTE Equities Crash Course.

Bummer, but you still have a chance to join us today for a brand new trade.

Yes, we'll choose an option Friday afternoon that expires Monday afternoon. So fun.

So far we've issued two trade recommendations this week to everyone that has attended.

The first one brought a double with up to 180 percent gains from some attendees.

As of Thursday night, I don't have the results for our second trade: puts on Apple (AAPL)… stay tuned.

You can find out the results when you join us at 2:30 ET.

Here is our set up in AAPL:

 

The stock could not break out above the pitchfork resistance, which converges with the 50-day moving average. Double the resistance.

Yesterday it cleared the 20-day moving average, but that stopped it today (Thursday), leaving a nice bearish candle.

Both RSI and MACD are moving bearish with MACD crossing zero on the histogram, another bearish signal.

My price target on AAPL is $227.91 and then $225.58

See you at 2:30 ET for our next trade!

Thank You For Reading … See You Next Tuesday,

Licia Leslie

 

 

 

 

 

 

 

 

 

Licia Leslie

Licia Leslie

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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.

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