Apple - risk reward LONG after testing support zone at 100/105
Updated
Risk off sentiment has reached a near term peak across markets. Using Apple as a barometer, we have view the weakness into support zone at 100-105 which has held twice. SP500 also held 100dma at 3195. Opportunity to be long here with stop below 95.00, targeting 125/130.
Comment
Trade remains live, with stop raised to 112.00 (locking in 6 USd). Continue to look for initial target 130, potential test all time highs at 137. Break above 130 will raise trailing stop aggressively higher.
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