It's pretty difficult to guess how much liquidity the banks will take in tomorrow's LTRO, it could disappoint the market and end the bounce like that or it could be supportive and we get some more upside, I don't know that the market is aware of what the banks will do and thus if it can be disounted in underlying trade.
AAPL is lose to the area I wanted to se it at, however, a positive LTRO could give AAPL a head fake move that would make for an even better entry/add to.
On a daily chart, this is what the head fake would look like, a move above local resistance on a head fake and a failure, this is without a doubt the best set up for shorting/adding to AAPL.
Short term it is showing some hints on an intraday pullback as well. It may be a situation in which a phased entry makes some sense, if you did that, make sure your risk management /position size is wide enough to allow for a head fake move.
No comments:
Post a Comment