Apple shares (AAPL) turned up and gave a buy signal.
The AAPL share price is currently trading above the regression trend channel.
This trading setup is similar to what we saw on Facebook (FB) stocks last month. I would have expected the trader’s price to rise to our target of around $ 142 (taking profits along the way.
If necessary, their long play with Apple shares could be insured with a short QQQ. Anyway, I like the stock here and would buy dips. I will reject the trade on any return to the regression trend channel.
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