AAPL May 9, 2024: Possibly Good Entry Point
Updated
I have been following 
AAPL for a long time but have not bought it because it has been a laggard during the AI-powered uptrend since November 2023. You can see many of my posts regarding this stock in the related ideas section.
Situation might be changing now...
Following the earning reports with a huge buyback plan on May 2, the stock gapped up above its MA-200 and has been staying above until now.
The MA-50, although is still under MA-200, but started moving up.
The relative strength line has been moving up since April 10, before the overall market correction, and has been steadily going up.
Therefore I started to buyAAPL here, with an expectation that it will make new high some time this year.
AAPL for a long time but have not bought it because it has been a laggard during the AI-powered uptrend since November 2023. You can see many of my posts regarding this stock in the related ideas section.Situation might be changing now...
Following the earning reports with a huge buyback plan on May 2, the stock gapped up above its MA-200 and has been staying above until now.
The MA-50, although is still under MA-200, but started moving up.
The relative strength line has been moving up since April 10, before the overall market correction, and has been steadily going up.
Therefore I started to buy
AAPL here, with an expectation that it will make new high some time this year.Trade active
On track to reach new ATH.Note
As AAPL reached a target of 20% from the latest base, I closed half of the position here and put the trailing stop for the rest of the position at its MA-21
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