Just yesterday i bought apple shares at market open and would like to share my thoughts with you.
In the last weeks the price moved pretty much sideways and formed an almost perfect triangle.
The theory states that triangles show up in wave 4 corrections very often.
With high certainty can i say that we are moving inside a wave 4 and gather strength for the upcoming wave 5.
The wave 3 in orange will bring us to atleast 140$-144$ and from there we will witness a short correction until we start to even higher prices.
However there remains a possibility that we correct to even lower prices if the previous low at 103$ will break.
Keep in mind that this is a buy and hold position - unleveraged and without a stop-loss.
Profit target: 144$ and more !
Stop-Loss: None - Buy and hold
If you have questions related to a specific stock or the theory, feel free to contact me.