Apple broke out of a year long ascending triangle back in the beginning of July.
Right now, again it broke out of a month long symmetrical triangle with volume confirming the move.
Last Friday was a doji pattern, which means we can wait and see if Monday will be a down day presenting us with a better entry. Looking at the 1H chart, there's support at $147.50-147.80 range.
Profit target 1 is at $160, a round number as well.
A safer stop loss is below $146.
If you trade options, we can expect this move to be completed within 2 weeks. On the safer side, go at least 45 days out so that time decay won't erode too much of the profits away.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Right now, again it broke out of a month long symmetrical triangle with volume confirming the move.
Last Friday was a doji pattern, which means we can wait and see if Monday will be a down day presenting us with a better entry. Looking at the 1H chart, there's support at $147.50-147.80 range.
Profit target 1 is at $160, a round number as well.
A safer stop loss is below $146.
If you trade options, we can expect this move to be completed within 2 weeks. On the safer side, go at least 45 days out so that time decay won't erode too much of the profits away.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Not
Good drop today.Let's see if there's any buying pressure coming in later in the day to support this $147 area.
Not
what a rebound!Hope you didn't miss it!
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.