AAPL trade

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Not in my challenge account, but in one of my retirement accounts I bought 200 shares of Apple, and was just looking for a slight bounce. Well I got a 10 dollar drop instead. I had sold some calls, and had a put on it, so my cost is around 135, but the chart is looking really toppy for my liking.

20210201_065702.jpg

As you can see there is a bottom trend line that we have hit 4 times, and it looks like we hit the 161.8 retracement level. With the pull back to the trend line, we could be setting ourselves up for a head and shoulders patter here, if we bounce and make a lower high. Which could take us down to the 115 are on AAPL. I will probably get out once it bounces today or tomorrow, and take the little loss and be ready for a better buying opportunity. It looks like we are going to be getting one soon on Apple, and it is better to be prepared, then all in at this moment.

AAPL trade | Ecency