- Have been watching AAPl for quite some time now (see the previous chart).
Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA.
- On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low with its Bollinger bands squeezing as well.
- MAs are curling while price action reclaims them (not pictured) with a huge symmetrical-triangle on its weekly chart
The bigger the base, the bigger the breakout
PT1 - $129.5
PT2 - $130.5-$131
Long Term PT $135 + Breakout.
Previous chart-
Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA.
- On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low with its Bollinger bands squeezing as well.
- MAs are curling while price action reclaims them (not pictured) with a huge symmetrical-triangle on its weekly chart
The bigger the base, the bigger the breakout
PT1 - $129.5
PT2 - $130.5-$131
Long Term PT $135 + Breakout.
Previous chart-
Comment:
PT1 Reached
Comment:
PT2 Reached
Trade closed manually:
Closed circa 300% - all 3 PT's hit plus some