Underline8

With the sharp pull back and the big run in January, I’m going for a swing short on $AAPL with a tight stop. It’s bit of a premature entry as it hasn’t broken the rising flag that it appears to be forming on the daily.

$AAPL, Daily

Entered the position based on the breakdown of the VWAP on the 5 minute chart. $QQQ and the rest of the FANGS were looking weak as well, so this looked like a good probability trade for me with an easy stop to work with. Any strength over 155 and I’ll cut the trade.

$AAPL – 5min.

Update – 2019-01-28: Trade immediately went against me and stopped me out.

Back on the bench and waiting for the next opportunity.

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