Is AAPL about to drop even further?

We're at a critical level right now

How's it going? Let's talk about our favorite stock — AAPL! On Friday, it looks like we formed a little bit of a bottoming tail, also known as a hammer. If you don't know what I'm talking about, take a look at this:

When a candle "wick" extends that far below the candle (~ twice the size of the body), it's generally perceived as a bullish sign. That's because it's a visual representation that the bears tried to drag price significantly lower during the day, only for the bulls to pull them back much higher by the market close. Remember the four essential parts of any candlestick:

The extremes of the two wicks are the high and low price for whatever time period you're looking at — in this case, a daily chart. The top and bottom of the fatter part, the candle body, represent the opening and closing price. Altogether, the candlestick represents the total price movement in that particular period. And when we see a bottoming tail, it shows us that bears succeeded in pulling the price much lower as the day went on, but were forced to retreat by bullish price movement as the day closed. That's usually a bullish symbol because it means momentum is with the bulls. But over the weekend, it will be interesting to see if that holds true. It's critical timing, because we are right at a critical over/under level that could map out where the stock goes over the next few months. I believe in the short term, if AAPL can get above and stay above the $141 area, $150 is a short-term target (over the next few weeks or so). The second target beyond that would be all the way back up at $180, because that is roughly the top of a channel that dates back 18 months or so. The bad news? The flipside of that coin is that if AAPL can't get above and stay above $140, I think it could actually come all the way down to $120 (short-term target), and maybe even as far as $100. If you think that can't happen to a mainstream stock like AAPL, just remember what has happened to NFLX this year.

Of course, NFLX and AAPL are both "FAANG" stocks but that doesn't mean they're the same. They're different business, and AAPL doesn't have the same fundamental problems that NFLX has. But it's a reminder that even the stocks that are thought of as true show horses can be hammered when investor sentiment turns against them. And that $100 level is realistically within the technical levels I'm seeing. Now, I think it's a very critical week to figure out what we do in regards to the $140 level, but if you're worried, let me put your mind at ease a bit. Given that we're down 27% in recent months, I truly think we're closer to support at this point and more likely to reverse than continue to crash. And if that's true, we could enter a very nice season for trading AAPL.

If you haven't taken the chance to check out the Perfect Apple Trade, I'd encourage you to learn my strategy here. I'd hate for you to miss out on the next potential opportunity as we climb higher!

Whether we go higher or lower, I don't think there's any getting around the fact that we're entering a very critical week for trading AAPL. I hope you're ready for the ride! It'll be very interesting to see where we go next! Trade safe, Micah Lamar P.S.: At the end of the week, I want to host some live training and invite you to join. I'm not quite ready to share all the details yet, but keep your eyes open for some updates midweek! Talk to you soon!

Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security.Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site.The past performance of any trading system or methodology is not necessarily indicative of future results.CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations.

Unsubscribe Daily Core Report 1555 University Blvd S Mobile, Alabama 36609 United States (251) 652-1555