Hi guys
Today we are looking at Apple at a 4h chart. We have some important lines coming up after we formed 2 tops.
1) Going down to $175,15 we come across a support line where we could go up again.
This could help in selling some shares right now and taking back at that level which means a +/- 3 dollar profit on it. Very short but some extra profits. In this story we stay in the channel but I think we could witness a false breakout which recovers again.
2) Going down to the $168,80 we come across a second support line. I guess this is more likely to happen unless Apple comes up with some greater news on the road down which may push us back up. Strongly believing we can go to this level to rise again afterwards which would mean a quick profit of +/- $12 .
3) If we fall back to this point on the $152 line it we could take a great profit if you sell right away. Don't think we can go this low but you never know. A profit of 30$ on a quick sell/rebuy is in here.
Let me know what you guys think !!!
Today we are looking at Apple at a 4h chart. We have some important lines coming up after we formed 2 tops.
1) Going down to $175,15 we come across a support line where we could go up again.
This could help in selling some shares right now and taking back at that level which means a +/- 3 dollar profit on it. Very short but some extra profits. In this story we stay in the channel but I think we could witness a false breakout which recovers again.
2) Going down to the $168,80 we come across a second support line. I guess this is more likely to happen unless Apple comes up with some greater news on the road down which may push us back up. Strongly believing we can go to this level to rise again afterwards which would mean a quick profit of +/- $12 .
3) If we fall back to this point on the $152 line it we could take a great profit if you sell right away. Don't think we can go this low but you never know. A profit of 30$ on a quick sell/rebuy is in here.
Let me know what you guys think !!!