Apple is looking bullish after breaching resistance and trading above so if we will get a weekly closing tomorrow above mentioned resistance can consider a long in it for the target of 230 levels.
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions.
2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical.
Stop loss-:
So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 181 levels are looking a strong support now on weekly candle below basis which is looking a good R:R.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit (AR)
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions.
2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical.
Stop loss-:
So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 181 levels are looking a strong support now on weekly candle below basis which is looking a good R:R.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit (AR)
Comment:
193 from 186 it's a good start, Cheers!!! i am enjoying u.s. stocks looking these are better followers of chart..
Comment:
Apple trying to break a range, if close again we can see fresh momentum after previous breakout, Apple GPT tests news also good for it
Comment:
Hi traders, Sharing and important about this Apple publication, As we can see that price breached last two swing tops which i mentioned in this update and the first swing tops was it's life time high too so now i added a resistance on this update i assume if this resistance will break and price will sustain above with bullsh strength after we can see it will reach to the mentioned target in idea very soon. This area is very careful to watch for further price movement
Comment:
Yesterday price above resitance marked in update above and that close was a all time high close too on daily time frame. So now from here if price will sustain above resistance we can see further rally towards marked targets in idea description
