Low Risk Trade on AAPL with 40% potential upsideAAPL has confirmed a bullish trend on 1 Dec 2020 through three signals:
1. Breaking the downard arch (in red) starting on 2 Sep 2020.
2. printing a green 2 above a green 1 on the TD sequential indicator.
3. Launching off of the bottom of the blue channel.
4. The two arches (red and green) act like a triangle which was also broken upwards.
To me, this is a very bullish entry with stoplosses at $112 and $106.
Some resitance is expected at the dotted blue lines before we make it to the top of the channel.
Tomorrow's (16 Dec 2020) hopeful green 2 above a green 1 will be the second and a stronger confirmation.
