AAPL in the lower part of the bullish channel, but with a MACD Divergence
This is a great time to enter the market on AAPL: it is in the lower part of the bearish channel testing the support (point 1 in figure).
In this situation usually we buy with target the higher area of the channel and with stop loss some area outside the resistance, in this case we have the sma 20 right there and a month long trend line just below, if there was not the MACD Divergence this would have been a no brainer operation: buy with target as the green arrow, stop loss on the point 2.
BUT
We have a MACD Divergence that usually happens before a change of trend and a little head and shoulder (figure 2) with the shoulder at the same level of the trend line 1.
So buy small lot but be prepared to sell a full lot if the price goes under the point 2. That is a bearish reversal with first target the target of the head and shoulder, around 150 and second target the dotted line.
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