Apple Inc
Long
Updated

AAPL Wait for Break Out Fibo Level

606
Signal for AAPL AAPL

Direction: Buy 🟢

Entry Price: $214.41 (Wait For Fibonacci breakout level as shown in the chart) ✋

Profit Target: $236.90 (targeting the upper resistance level indicated in the chart) 🤑

Stop Loss: $198.75 (below the recent consolidation low for a 2:1 risk-reward ratio)

Risk-Reward Ratio: 2:1

Position Size: Risk 1-2% of your portfolio (e.g., for a $100,000 portfolio, risk $1,000-$2,000)

Entry Timing: Enter on breakout confirmation above $214.41 (Fibonacci level), ideally at the next 4H candle close after the break

Confidence Level: 70%

Why This Signal?

Price Action: AAPL is approaching a key Fibonacci level at $214.41 after consolidating between $203.75 and $214.41. A break above this level signals bullish momentum toward $236.90.

Technical Indicators:
Breakout above the 50-day and 200-day moving averages.

News Sentiment: Mixed with US-China trade tensions (per Forex Factory), but AAPL’s fundamentals remain strong with recent positive sentiment on X.


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