April 23, 2015 3:44 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
(NASDAQ: AAPL) shares were trading higher by $1.40 at $130.02 in Thursday's session. One catalyst for the issue has been a hike for iPhone quarterly sales estimates by
11 percent at Stifel. The firm raised its estimate from 54.9 million phones to 59.6 million.The other and more likely catalyst for the rally is Apple has finally broken out of a trading range since March 20. Over this period, it has stuck between $122 and $128.57, traversing through this area on multiple occasions.Now with the launch of the Apple Watch looming, coupled Stifel's hike in sales and technical breakout, shorts may be throwing in the towel. Keep in mind, when one analyst starts raising estimates for iPhone sales, many analysts may soon follow in fear of being left behind.The all-time high for Apple stands at $133.60 and its all-time closing high was made on February 23 at $133.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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