leslieyimsm

AAPL: New ATH for Apple soon! Requested by decimalSuccess35475

Long
NASDAQ:AAPL   Apple Inc
Apple broke out of a year long ascending triangle back in the beginning of July.

Right now, again it broke out of a month long symmetrical triangle with volume confirming the move.

Last Friday was a doji pattern, which means we can wait and see if Monday will be a down day presenting us with a better entry. Looking at the 1H chart, there's support at $147.50-147.80 range.

Profit target 1 is at $160, a round number as well.

A safer stop loss is below $146.

If you trade options, we can expect this move to be completed within 2 weeks. On the safer side, go at least 45 days out so that time decay won't erode too much of the profits away.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Comment: Good drop today.
Let's see if there's any buying pressure coming in later in the day to support this $147 area.
Comment: what a rebound!
Hope you didn't miss it!