AAPL: Quick Chart Reading & a possible setup
Updated
Our previous chart reading for AAPL was a good one - we hit the buy zone, 2 projected target price levels, and sold on target. when this happens with a chart reading and a trading plan, it's awesome !! although the over-bought condition extended and tried people (buyers) patience (and FOMO)
i'll link the previous chart reading below for review if needed
if AAPL continues to honor the current price channel structure, then there's possibly another easy setup to exploit - it just needs patience.
We see AAPL is moving toward the new buy zone .. the ideal level for me is around the $138 - with indicator value supporting that scenario (Supply is high, sentiment and short term momentum both in the red) - and if the channel holds, and the price swings up at the lower channel - maybe sideways a little bit there first - then we can target around a 15% upside to the $157 - $160 range
please note that while this is my trading plan - it's just one of many scenarios that may unfold - your view may be different (and that's normal) but please do not take this as a trading advice and DYOD / research before you trade. no one can tell the future or predict price moves
i'll link the previous chart reading below for review if needed
if AAPL continues to honor the current price channel structure, then there's possibly another easy setup to exploit - it just needs patience.
We see AAPL is moving toward the new buy zone .. the ideal level for me is around the $138 - with indicator value supporting that scenario (Supply is high, sentiment and short term momentum both in the red) - and if the channel holds, and the price swings up at the lower channel - maybe sideways a little bit there first - then we can target around a 15% upside to the $157 - $160 range
please note that while this is my trading plan - it's just one of many scenarios that may unfold - your view may be different (and that's normal) but please do not take this as a trading advice and DYOD / research before you trade. no one can tell the future or predict price moves
Note
into the buy zone we go .. let's wait for $3-4 more - bottom fishing season open :)
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