Apple's Symmetrical Triangle Breakout
Apple has broken out of a symmetrical triangle to the upside that has been consolidating since late January. Call volume has been very bullish today as well as the past week. I am looking for a move much higher over the coming weeks. The federal reserve meetings have reassured folks enough that it seems tech is off the hook for the moment. The difference between the peak to trough added to the peak since it was a breakout upward will be my price target. In this case that is (145.09 - 116.21) + 145.09 = 173.97. Stop loss will be set at the breakout point, which is 132.52. Good luck to all!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.