nftrh plus

NFTRH+; Look-Ahead to a Future Buy Area on AAPL

AAPL got way too hyped on iPhone 10 anticipation and broke its uptrend channel on the commotion. Upon release, AAPL has done nothing but decline in a classic ‘sell the news’ event. Now back in the channel, AAPL can be expected to eventually make its way back to the channel bottom and a clear shelf of lateral support.

Pending the market view at such time, that looks like a good buying opportunity. Maybe it will come sooner, or maybe it would come as part of another leg down in the stock market. Either way, if it drops that far it will have been a 20% correction from the highs to a logical support area.

A drop below 175 could be used as a stop loss on the idea.

aapl

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason), which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.