APPLE|NO SHORTS BEFORE THE SUPPORT BREAKS|BEST CHANNEL EVER|LONG

16 Tem 2020

Apple is beating all time highs like there is no gravity these days. I do not intend to lament the FED, Voodoo economics etc..

I simply say: The current channel is too perfect not to be embraced completely, and, though a bit late to the party, one might consider going long every time the price touches the support. If the FED is printing money, I suggest you ride that wave.

Join Morgan Stanley and Goldman Sachs who are beating records in their trading desks profits, riding the market recovery wave, and given that Apple has just won 14 billion dollars legal battle against the EU, while also setting precedent for the other US tech giants in Europe, potentially giving a bump to the entire US stock market in general, I say this channel still has some way to go.For example, AAPL rally might go on till SPY recovers into 340 zone.The stock might even go into the full acceleration mode in its final stages, so go long and use trailing stop.

Any potential short will most likely develop in a fashion shown on the chart, so no shorts before the breakout and pullback.

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