Hubert Senters here.
Question from another viewer. What do you think about Apple at these levels? Nothing. Still looks really great. I mean I know we did have no one of the largest hard up moves in history ever. But this point is, you know, I’m not saying it’s not a real move because I hate when people like it’s not really a move, that’s a head fake. It’s a real move.
Price action actually went up a lot so it’s not like it’s a fake move. It’s whether it’s substantial and can hold its gangs. It’s the question you got to ask yourself. On Apple here first you got to figure out the Nasdaq, right. So if you look at Nasdaq at NQ. Helps if you know on top.
At Nasdaq here it does have a little bit of support down in this area. Here’s the area of support. It helped that. It’s bouncing up. One of the biggest moves in history ever. It still hasn’t been able to close above the turning line. It might get there this week. And if it does that then it will be a decent long to the standard line and then maybe all the way to $6,800
But until this happens I wouldn’t touch Apple. Now, I know I have a little bit different risk profile than most people do. I’m really conservative. I do not like taking a risk unless it’s a very calculated risk so I’m like risk averse when it comes like stuff like this and I’m ok with that.
I would avoid this and just wait for a better short opportunity. In other words on the downside like the short Apple instead of go long. But if you’re on the other camp and you’re like ‘’man, I think this is the best. This is the best deal in history.’’ Okay then you’d want to get long today because it’s just back to put in low and you don’t want your stock to be around the low of the day before like $147.28 and your target would be $157.17 and then $170 and then $200 and then after that north of $220.
Good luck. Hope it helps. And I’ll see you on the next video.