AAPL - This stock is oversold (RSI 27). Down over 4% on the day after already downtrending this isnt typical action for AAPL. Is it still shortable? Yes of course but not down here at these levels. The stock is gonna bounce. When AAPL was strong early in year the 8ma was the level to watch because everytime it got over-extended off that line it generally pulled back some to keep close to its 8ma. Well now there is a 28$ gap between closing price and 8ma (over-extended). So be on bounce watch tomorrow on a 565 cross and hold. Then look for reshorting it in the upper 570s
NFLX - Will continue to put this on watchlist because the setup continues to present itself. The bull flag is still in tact on the daily and NFLX closed up 1% today despite the heavy market selloff.
GOOG - Closed outside and under price channel today. Should see a fade to 660 but I’d let go of the short at 660 because there should be a good set of buyers at that level. Doesn’t mean go long just means be careful shorting under 660
To view the rest of the watchlist please visit The Stock Garage
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