Finally sold a Put contract for Apple
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Successful investing is about managing risk, not avoiding it. DYODD
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Chris I : Will it rebound from the chart?
Cow Moo-ney OP Chris I : Sorry your question is a little too vague. Do you mean 1 min, 1 day, tomorrow, or next 2 weeks?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Chris I Cow Moo-ney OP : Hahaaa perhap next 2week?
Cow Moo-ney OP Chris I : Hmmm if you have watched my video, you’ll know I usually watch out for key support and resistance levels.
good luck!
Anyway, watch out for 138 and 134. Apple needs to hold at 134 (give and take a little bit) to form a double bottom, and then it could bounce
If it breaks, then we will go to 120s, which means no Santa rally.
Not financial advice and could be wrong
Chris I Cow Moo-ney OP : Precious piece of information thank you very much
Chris I Chris I : And i have watch every of your video weekly. Hope apple not break the new low which does not make sense…FED is slower down the rate hike and soften the effect
Cow Moo-ney OP Chris I : You’re welcome!
Cow Moo-ney OP Chris I : Haha thanks for your support.
It’s all about probability and nobody will know if it will create a new low. Personally, I think 134 and 138 should offer some cushion, and that is why I sold a Put option contract, which is a slightly bullish move.
Again, I could be wrong and Apple may continue to dip all the way. But I have a backup plan for that. So don’t follow blindly alright! Cheers
Cow Moo-ney OP Chris I : Oh to add on, Fed may be slowing the rate hike, but then the market is anticipating a global recession next year. So don’t be too surprised if the market continues to go down. I’ve shared that my view is that the weak market will continue into 2023
Chris I Cow Moo-ney OP : Well noted! Thanks so much :)
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