Apple IncUpdated Top 5 Weekly Trade Ideas #2 - AAPL Ascending Wedge
AAPL recently broke below a longer term uptrend but has mostly moved sideways since. Now we have a clean looking wedge forming on the 1hr. It closed right around $230 last week, price has had a hard time moving above lately. It'll be a key area to use for directional bias in the short term.
I'll be looking for puts targeting about $216 if we fail at $230 and break below the wedge. To the upside, if $230 is broken I'd be looking for longs on retests of $230 for a move back to ATH and potentially higher.
I'll be looking for puts targeting about $216 if we fail at $230 and break below the wedge. To the upside, if $230 is broken I'd be looking for longs on retests of $230 for a move back to ATH and potentially higher.
Trade active
Gap up above $230 and the trendline. Retesting the trendline now, could be a good long here or at $230. Stop on longs is below $230.Trade closed: target reached
Huge $10 move off of $230 in a matter of days. Doesn't get much better than that.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
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.
You reap what you sow.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
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.