Apple: +0.15% in one hour

One more trade that we want to share with you is our Apple trade that we made on Friday, November 25.

On Thursday, November 24 we asked our forecasters to set daily maximum and minimum prices for Apple stock and received the signals on Friday, November 25 at 8:30 am (before the market open). Our top forecasters said that the minimum price of AAPL would be $110.60 and the maximum price would be 111.87.

Despite the fact that the market was open only until 1 PM on Friday, after the Thanksgiving Day, and Apple stock climbed to $111.87 (by the way, it was the maximum price of AAPL during the market hours!) around 12 PM our traders decided to short a few shares of Apple at $111.85.

Unfortunately, the stock did not hit our target before the close (our target was 111.40s, so we needed it to go just a few more cents lower) and we covered our position at $111.70s ten minutes before the market close.

We consider it as a very good trade since 1) our forecasters predicted the top 2) the risk/reward definitely was in our favor.

Happy trading,

Cindicator team

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