Apple IncLong
#AAPL Long to 127.33?
Looking at some old trend lines and support, this would be a Bullish scenario for our AAPL continuation into December.
Volume is beginning to pick up with a few spikes visible on this chart in the last couple days.
Facebooks tokenized digital money is approaching in January. Holiday sales are great for apple.
Real strong trend line quickly leading back up to 127.33
With support above 123.11 and continuation on the current trend, we may get some pressure ramping up to 125.15
and if we havent broken trend by then, again at 127.33
Should we break trend (very possible short term) I would keep an eye on the 121.94 - 123.11 range for support or i think we will likely see the downside to the bold trend line above the paralell channel.
If we breach that trend, id anticipate upward pressure from the paralell channel and that would definetely be a buy from me. Both support areas are strong
Broadly speaking, i think the lowest area we could see worst case scenario would be above 117.
The bold "strong support" line would be the price point for me for a new entry or additional entry going forward in the near future
121-123 would be the buy zone for a short term play for 127.33.
With all trades and especially in this market, scaling in, and entry is very important. I would probably stop out under 121, but only for a reentry at some of the price points listed.
Volume is beginning to pick up with a few spikes visible on this chart in the last couple days.
Facebooks tokenized digital money is approaching in January. Holiday sales are great for apple.
Real strong trend line quickly leading back up to 127.33
With support above 123.11 and continuation on the current trend, we may get some pressure ramping up to 125.15
and if we havent broken trend by then, again at 127.33
Should we break trend (very possible short term) I would keep an eye on the 121.94 - 123.11 range for support or i think we will likely see the downside to the bold trend line above the paralell channel.
If we breach that trend, id anticipate upward pressure from the paralell channel and that would definetely be a buy from me. Both support areas are strong
Broadly speaking, i think the lowest area we could see worst case scenario would be above 117.
The bold "strong support" line would be the price point for me for a new entry or additional entry going forward in the near future
121-123 would be the buy zone for a short term play for 127.33.
With all trades and especially in this market, scaling in, and entry is very important. I would probably stop out under 121, but only for a reentry at some of the price points listed.
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