APPLE Inc. update 21 april 2023
On Apple Inc., opening its iconic istore in Bombay ( Mumabi )., lets looks into what its share price has been doing.
The last update on AAPL was on 21 dec 2022., the last line of the article is re-produced herewith., " right now we are short AAPL., and continue to stay so., unless there is a compelling reason to cover our shorts ., either by a substantial gain in our short position or by any change of trading signal."
The short position was at USD 150 levels., and the price went upto 125-130 USD., which was a good 15 % move ( could be counted as substantial . If not covered ., then in end January ., we had a buy call around the same level of USD 145-150.
The buy signal in AAPL came across several indicators., and if not able to enter at breakout., the market gave another low risk entry at the same USD 145-150 levels in March beginning., Today apple is trading at around 165 level., which is a good 10 % move. Either exit the position to lock in gain., or can now keep a trailing stop loss at cost.
These are just some examples of our superindicator signals.,now being developed into a machine based algorithm., which can be used on stocks or commodities or indices.