Apple has been dealing with significant negative press recently, leading to fear and critical perceptions among investors. This situation suggests a common investment principle: in times of fear, you should buy, and in times of greed, you should sell. Consequently, I have taken a considerable long position on Apple.
The flag pattern is almost complete, indicating that a price movement is imminent. I have set my stop loss at $196, with an anticipated profit from a positive breakout expected to exceed $223, representing potential gains of over 10%. There is also further upside potential to surpass $230.
Apple is a strong long-term hold, regardless of current market fluctuations. The company boasts a mature and extensive ecosystem, making it a brand I wouldn't bet against. If you already own Apple products, you likely understand how unlikely it is that you would switch to another brand.
Last Friday's green candle validated the flag pattern, indicating that a breakout is still needed. However, the flag pattern has now shifted to a more bearish formation, which could suggest seller exhaustion and strong support at these price levels. Achieving above 202 USD would be both a positive sign and an indication of strong buyer interest. The Iranian conflict may cause volatility, but my long position is still active, and the upcoming weeks could see a positive breakout >202. Although this flag pattern is typically bearish, I believe Apple is undervalued based on its future potential offerings and this could be a good entry price? As always not financial advice but let me know if you think Apple is going to <170 or >230.
My target sell price is now 271 USD.
The flag pattern is almost complete, indicating that a price movement is imminent. I have set my stop loss at $196, with an anticipated profit from a positive breakout expected to exceed $223, representing potential gains of over 10%. There is also further upside potential to surpass $230.
Apple is a strong long-term hold, regardless of current market fluctuations. The company boasts a mature and extensive ecosystem, making it a brand I wouldn't bet against. If you already own Apple products, you likely understand how unlikely it is that you would switch to another brand.
Last Friday's green candle validated the flag pattern, indicating that a breakout is still needed. However, the flag pattern has now shifted to a more bearish formation, which could suggest seller exhaustion and strong support at these price levels. Achieving above 202 USD would be both a positive sign and an indication of strong buyer interest. The Iranian conflict may cause volatility, but my long position is still active, and the upcoming weeks could see a positive breakout >202. Although this flag pattern is typically bearish, I believe Apple is undervalued based on its future potential offerings and this could be a good entry price? As always not financial advice but let me know if you think Apple is going to <170 or >230.
My target sell price is now 271 USD.
İşlem aktif
Apple break out possibly today, need to hold/close above 202 for confirmation. Pre market indicates breakout at 203 at time of publication. Not
Price closed below 201 USD so breakout not confirmed, weekly chart shows a flag formation, with 200 USD above/very close to the heart-line of the pattern at 199.50 which is acting as support. Possible upward breakout or a re-test of 197 USD support. EU settlement announcement on Thursday will likely determine which way this goes. Not
A close above 201.12 would confirm a positive breakout.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.