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Apple Inc
Long

AAPL hovering above support retest

By StockBrosResearch
Updated
AAPL gapped over a trend line resistance today and retested it as a support. There is also a corresponding horizontal support at that level as well (Near $113). So far it looks good, currently long from 113.60 with a stop loss at 111.90. The next resistance target is near $119. The only negative thing is that the ADX indicator is still bearish. If it crosses over (green over red) while the price remains relatively the same for the next few days, I will add to my position.
Trade active
It is consolidating nicely on smaller timeframes (15-65 min). Presenting a good buying opportunity
Trade closed manually
Fully closed at an average of 116.00
AAPLappleapplestockBLUECHIPChart PatternsdailychartnasdaqQQQSupport and ResistanceTECHTechnical AnalysisTrend Lines
StockBrosResearch
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