APPLE OR APPLTRIANGLE PLAYING OUT. break may happen either side. GO SHORT WHEN RED LINE TOUCHES WITH STOP LOSS. Buy when price touches Green line (one lesser degree from 2004 support line), so plan to dump when needed. Go deep short if it fails to break the ultimate red line from the 2015 top. Using options strategy carefully.
#aapl#equities
APPLE traded both last weeks inside week before - BreakOutDanger97.27 $ 2. Target (3.30 $ Chance)
96.58 $ 1. Target (2.61 $ Chance)
93.97 $ last Price
93.42 $ 1. Support (0.55 $ Risk)
92.39 $ 2. Support (1.58 $ Risk)
Change/Risk Ratios are 1st 4.75 and 2nd 2.09
C/R Ratio = 1.Target/Support and 2.Target/Support
You can use both support levels as stop-loss price levels.
And both targets also even as take profit price leves too, if you want.
But take care! Think about it - and create your own opinion! It`s your own decision...
Best regards!
Aaron
What about getting back long on AAPLBoth technical picture and fundamentals are in place to get long in AAPL.
Technical check the chart it speaks for itself.
Fundamentals:
US market perma bull, recent tech earnings encouraging (Cf Google), upcoming earnings can potentially trigger a new wave of strong buying.
Target@145$
SL@120$
RR1/2