Algorithmic Trading for Stocks
In the chart we review stock trading ideas for $AAPL / NASDAQ (Apple, Inc.) with the algorithmic trading application from UltraAlgo. Reviewing the 15-min chart, the script delivered a 6.26 profit factor with a profitability of 76.92%. This was executed over 14 trades with a net profit of $1,245. The current price is trading under the 10-day trend and currently is at the relative support line. Based on the current block orders in place, the price is forecast to rebound in the short-term. A relatively high short ratio has historically resulted in storng upside.
Yesterday's rate hikes by the US Fed will provide a challenge for discretionary spending in the long-term, and will likely cause more negative price pressure. This FANG component as proven to be relatively resistant to regional economic pressures due to its exposure across global markets.
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