Apple stock AAPL so much better results but stock went down...U TURN Sell
Apple earnings for the quarter are fabulous. Stock was expected to go up big time. Last 3-4 trading sessions, it kept climbing in hope of better results. Results came better too but today after opening at a record high level, there was selling/profit taking. Everything else apart, though sentiment is bullish, actual actions are bearish. There is no such thing to rationalize why it went down today...A perfect U TURN sell signal today.
You can short with a stop loss at today's high price $135. I think sell off in the market is taking place shortly.
Apple earnings for the quarter are fabulous. Stock was expected to go up big time. Last 3-4 trading sessions, it kept climbing in hope of better results. Results came better too but today after opening at a record high level, there was selling/profit taking. Everything else apart, though sentiment is bullish, actual actions are bearish. There is no such thing to rationalize why it went down today...A perfect U TURN sell signal today.
You can short with a stop loss at today's high price $135. I think sell off in the market is taking place shortly.
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