Stockguy22 TECHNICAL analysis on $AAPL ( Apple )
We have not seen Apple close under the 200day sma for some time & its been under the 200day the past 4 sessions. I took advantage and added the most recent dips after selling it on June 1st.
Here's an updated chart of what key levels I'm watching for on $AAPL
the 20day sma ( simple moving average) $332.71
the 200day sma ( $326.54)
I've been taking advantage of playing AAPLe this year by buying the dips each month & selling each bounce- I've sold it in January /February /March /April & June 1st was my last sale . Only missed May since was consolidating during that time.
My next major sale I would do if AAPL hit towards the downward trend of approx $345 but will keep a close eye in case it tops out at one of the major moving averages i mentioned above.
I post all my buys/sell in our chatroom & AAPL has been a tremendous play. Some traders have followed using options on it which is also a great way to have taken advantage of the recent dips.
Re: Times when AAPL closed under or hit towards the 200day sma has been a great buy zone ( coincides into summer months too)
As you can see I like to go into a lot of detail reviewing the charts & have found that this helps me get better entries & exits and translates to better success rate on these type of trades
Hope you find the chart below helpful. Its similar to detailed notes I post on any swing trades I do in our chatroom.