Greetings All,
AAPL is bullish, but has a few gaps to close around R1 ($127) and the Pivot ($122). Resistance is evident at R3 around $134. The pattern appears to be a bullish cup and handle, but the handle is still forming. I anticipate a retrace to R1 or the Pivot, before AAPL breaks to the upside targeting $140 and then $150.
Happy Trading!
AAPL is bullish, but has a few gaps to close around R1 ($127) and the Pivot ($122). Resistance is evident at R3 around $134. The pattern appears to be a bullish cup and handle, but the handle is still forming. I anticipate a retrace to R1 or the Pivot, before AAPL breaks to the upside targeting $140 and then $150.
Happy Trading!
Comment:
Gap Filled at $127
Trade active:
SHORT PUT VERTICAL CREDIT SPREAD
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Bought 1 AAPL 05/21/21 Put 125.00 @ 2.12
Sold 1 AAPL 05/21/21 Put 128.00 @ 3.43
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Bought 1 AAPL 05/21/21 Put 125.00 @ 2.12
Sold 1 AAPL 05/21/21 Put 128.00 @ 3.43
Comment:
AAPL cleared the first target. Can we make it to the $150s?