vf_investment

Long Position on Apple

Long
vf_investment Updated   
NASDAQ:AAPL   Apple Inc
Looking on the 2 hour time frame, Apple stock moved above the 50 MA indicating bullish momentum. Furthermore, the MACD indicator is above 0 showing indeed upside momentum. Therefore, based on Fibonacci Retracement , traders may look for a long position with 2 take profits at 0.61 and 0.78 Fibonacci Levels:

Entry Price: $156.05

1^Target price: $160.54
2^Target price: $164.31

Stop loss at $153.73
Trade closed: stop reached: stop loss hit

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.