As AAPL has found support on the 90 area already now twice. Stops below 90 seem appropriate and entry at this time provides a good return relative to the risk. Failure through the 90 area of support will render this buy signal a failure.
A price target of 130 and higher risking 10 points is at least a 3x risk to reward trade opportunity.
A price target of 130 and higher risking 10 points is at least a 3x risk to reward trade opportunity.
Comment:
Notice how the price action respects the 150 price area the first time it touches the center line. You cannot make that up.
Trade closed: target reached
Powerful to see the median line in action.