AAPL breakdown below key level 169; Bounce then 155?
Price action (20 Apr 2024)
- MA5 yellow below MA20 green ==> bearish
- All MA lines are pointing downwards
- Breakdown below 169 (key support) last week signal bearish
- A bounce could still happen with resistance backtest at 169
- A failure of test of 169 would certainly bring 156 or 155 into the target
My plays
- Been nibbling small amounts
- Had been selling puts (Strike 165 but closed last week safe)
- Had been reselling puts strike 145 (next key level support)
Good luck, all!
AAPL Daily - 20 Apr 2024
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