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Apple Inc
Long
Updated

$AAPL Bullish Consolidation ($TSLA Comparison) Push to New ATH?

810
AAPL looks ready to re-test ATH. Clear consolidation and looking just like TSLA two weeks ago before its breakout to new ATH. Volume has tapered off as well.

Taking a starter position on 11/30. Adding size on the break of $118 with notable volume.
Trade active
AAPL broke the consolidation triangle sooner than I expected and I missed my starter position. I took 04DEC2020 120c on the break of $118 with volume.

TP1: 122 Target Reached 50% closed.
TP2: 125

I will most likely roll-out to a later expiration and higher strike to stay in the trade until ATH.
Note
snapshot

Need indexes to stay strong here to continue this swing.

Added 15JAN2021 140C to play the push to new ATH. If the indexes break down I will cut this position at a loss.
tfleet007
AAPLaapllongBullish PatternsChart PatternsTechnical IndicatorsTrend AnalysisTesla Motors (TSLA)

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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.
AAPLaapllongBullish PatternsChart PatternsTechnical IndicatorsTrend AnalysisTesla Motors (TSLA)
tfleet007

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.