Diomara
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$Apple (AAPL.US)$
Aapl did a good rally yesterday to break 152 resistance as expected and even went up to test 155 resistance.
Aapl being a market moving stock it is important to note that if Aapl is in a bull rally which is what we currently have now, likely the market will also rally together. Ndx/QQQ also broke out of bullish wedge yesterday and did not close back below the wedge trend line.
Does this mean Aapl will go back up to retest 155 straight and break new high? Maybe. But I feel it may go sideways for abit or even pullback a little due to OpEx this week to eat up time decay and to let options expire worthless.
When Aapl breaks the 155 resistance, it is almost clear to say it will break 157 high and create brand new highs at 162 or even 164. So sit tight and let the market do its thing.
As always, trade safe & invest wise!
Aapl did a good rally yesterday to break 152 resistance as expected and even went up to test 155 resistance.
Aapl being a market moving stock it is important to note that if Aapl is in a bull rally which is what we currently have now, likely the market will also rally together. Ndx/QQQ also broke out of bullish wedge yesterday and did not close back below the wedge trend line.
Does this mean Aapl will go back up to retest 155 straight and break new high? Maybe. But I feel it may go sideways for abit or even pullback a little due to OpEx this week to eat up time decay and to let options expire worthless.
When Aapl breaks the 155 resistance, it is almost clear to say it will break 157 high and create brand new highs at 162 or even 164. So sit tight and let the market do its thing.
As always, trade safe & invest wise!
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Diomara : .