04 January 2008

4-1-2008 : AAPL ascending triangle will complete soon

I am bullish on AAPL, but the current bearish sentiment is a big concern for me to hold a long position on AAPL now.

At 193, its resting well at the Ascending triangle uptrendline support. It has enough room even to just trade up to 200... 192 is a good cut loss pt, thus making max loss limited to $100.

Should I long AAPL now ? I also have no clear answer for myself. But I will take the high risk, and long 1 contract of AAPL CFD @ 193.

Cut @ 192, Profit @ 199. R:R = 1:6.

Can try lah !

daily
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15min
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