Apple is currently retesting the all-time-high breakout zone. If you're looking for an entry with a close stop loss for Apple, this would be the moment you would enter the market.
Given that we just reached a new all-time-high by overcoming MAJOR resistance, the chance of us breaking to the upside and continuing to make new all-time-highs is very likely. The resistance above is very minimal and above that is all open sky.
Given that we just reached a new all-time-high by overcoming MAJOR resistance, the chance of us breaking to the upside and continuing to make new all-time-highs is very likely. The resistance above is very minimal and above that is all open sky.
Comment:
The major resistance I'm referring to is the upward solid green trendline. This trendline goes back to 2012 and we recently went above it in May 2018.
Trade closed: target reached:
Entered after 195 upon seeing the bullish gap which confirmed a strong break above resistance.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.