Mornau-Research

AAPL - The show must go on!

Long
NASDAQ:AAPL   Apple Inc
Welcome back to another insight on Apple! NASDAQ:AAPL

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 elliot wave 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.

Current setup:

Entry: 114.74$
Profit target: 144$ and more !
Stop-Loss: None - Buy and hold


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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Trade active: Open as described - this is meant to be a longterm investment
Comment: We broke the triangle and the chances are good that we are in a wave 3.
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.

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