AAPL kicking off the Santa Rally early this quarter. Funds want to close the year strong so a parabolic move on tech is imminent while financials take a hit.
Technicals point at a full measured move to 170 on AAPL by the end of year while the options market has heavy call buying on December 17 170c with no catalysts coming up for the company other than Black Friday and Cyber Monday leading into the holidays.
Bulls want to stay long and buy dips on this name.
Daniel Betancourt
OptionsSwing Analyst
Technicals point at a full measured move to 170 on AAPL by the end of year while the options market has heavy call buying on December 17 170c with no catalysts coming up for the company other than Black Friday and Cyber Monday leading into the holidays.
Bulls want to stay long and buy dips on this name.
Daniel Betancourt
OptionsSwing Analyst
Trade closed: target reached
All upside targets on AAPL have been reached. Closing 80% of the trade and leaving runners which I will take assignment on.
Education first, profits second.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Education first, profits second.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.