Apple (AAPL) – Bullish DailyPlay for Thursday Jan 31st, 2019
The bullish DailyPlay we chose for Thursday, Jan 31st is Apple (AAPL). AAPL is part of the Technology Sector (XLK). Over the last month, XLK has experienced an 8.06% move higher and its 1m and 6m trend have turned bullish and neutral on 1/24 while breaking above its $65 resistance level.
Apple’s 1m and 6m trends turned bullish and neutral yesterday while breaking above its $160 resistance level which now becomes support. With a technical score of 3 (out of 10), AAPL is a weak stock that that is starting to trend higher.
As a stop loss, if AAPL was to trade below $160 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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