OptionsPlay Buy Signal on Apple (AAPL) – Bullish DailyPlay for Thursday Jan 31st, 2019

The bullish DailyPlay we chose for Thursday, Jan 31st is Apple (AAPLWealth Strength IndexAAPL is Extremely Up and trending Up). AAPLWealth Strength IndexAAPL is Extremely Up and trending Up is part of the Technology Sector (XLK). Over the last month, XLK has experienced an 8.06% move higher and its 1m and 6m trend have turned bullish and neutral on 1/24 while breaking above its $65 resistance level.

Apple’s 1m and 6m trends turned bullish and neutral yesterday while breaking above its $160 resistance level which now becomes support. With a technical score of 3 (out of 10), AAPLWealth Strength IndexAAPL is Extremely Up and trending Up is a weak stock that that is starting to trend higher.

View this Trade Idea on AAPLWealth Strength IndexAAPL is Extremely Up and trending Up

As a stop loss, if AAPLWealth Strength IndexAAPL is Extremely Up and trending Up was to trade below $160 for multiple days, this would invalidate our analysis and suggest getting out of the trade.