AAPL Bullish Swing Setup – Buy the Dip for $289 Target1. Chart Type & Timeframe
Symbol: Apple Inc. (AAPL)
Timeframe: 4H (4-hour candles)
Platform: TradingView
This is a short- to medium-term analysis, not a long-term forecast.
2. Trend Analysis
The price is in a rising channel (marked in red), meaning the overall trend is bullish.
Currently, the price is near the upper boundary of the channel, showing a possible short-term pullback before resuming upward momentum.
3. Entry & Stop-Loss
Entry Point: Around $244.32 – $244.54
This is near the lower boundary of the channel, a support zone.
Suggests waiting for a pullback before entering.
Stop Loss: Around $233.72 – $234.37
Positioned below the channel, so if price breaks this, it may signal a trend reversal (protects capital).
4. Target
Target Price: Around $288.91 – $289.13
This is significantly higher than the entry, showing a risk/reward ratio of ~4:1, which is favorable.
It aligns with projecting the channel’s trend upward.
5. Price Action Expectation
The black zig-zag line shows a pullback first, then a bounce back up from the support area (entry zone).
If price respects support, a bullish rally toward $289 can follow.
6. Key Observations
✅ Bullish Setup: Good reward potential if the price bounces at support.
✅ Clear Risk Management: Stop loss is properly placed below structure.
⚠ Caution: If price breaks below $234, trend could reverse — no trade should be held below stop loss.
Summary
This is a bullish swing trade plan for Apple:
Wait for pullback near $244 before buying.
Stop-loss below $234 to manage risk.
Target $289, giving a strong risk/reward ratio.
This plan assumes that the uptrend channel will hold and price will respect support before moving higher.
