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.
註釋
Good drop today.Let's see if there's any buying pressure coming in later in the day to support this $147 area.
註釋
what a rebound!Hope you didn't miss it!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。