Every week a new trading opportunity !
On our market watch today is APPLE. Apple reached strong short term uptrend support and now it is in a buy zone. Since the Friday close was strongly bearish it is better to wait for another test of 200 SMA (blue line) 103.90 level for long entry.
Recommended trade size should be adjusted to your risk profile and money management.
Preferred trading strategy pending buy limit at 104 with the SL at 99.50 or a pending buy stop 116 wit a SL at 111.50.
Happy trading! (click on the chart to enlarge it)
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