Should have been VERY obvious that Apple would run up into the iPhone 12 announcement and selloff once the release was made. Very typical action here. However, with a new confirmed uptrend in place, we expect that AAPL wants to fill the gap from the 117-120 area which also coincides with a backtest of the consolidation triangle. Scaling into new a AAPL position right here with a target of $170+
Trade active:
Continuing to add today on pre-market weakness at the gap close of 118 area. Stops are in and will add again on strength from here...
Trade active:
Using a close under $114 as a stop..
Trade closed: stop reached