Continuing from my previous idea - AAPL to 140 by Jan 2021.
AAPL hit the $118-120 target on time based on previous analysis -- white arrows.
Few days ago, I had added a yellow path and have just added a blue path as well to track AAPL's movement from here and be prepared for the right entry.
Yellow Arrow Path: AAPL moved up to $120 around 7 days early based on this prediction. The reason I am keeping this track open is because I believe AAPL could still move with this channel if there is some selling taking place early December and based on any pressure from NASDAQ and QQQ in first half of December.
Blue Arrow Path: If bullish momentum continues on December 1 and 2, AAPL could break out of the 120 resistance and soon be testing resistance around 124-126.
Entry timeline: I expect the ideal entry between December 17 to 28 based on which of the three colored arrows AAPL follows.
Ideal Entry Price: I still believe AAPL will likely re-test the Green support line closer to entry timeline suggested. Looking for $112-113 around RSI 39 or below.
Alternative Entry Price: If AAPL sticks only to the blue arrows, the entry may be around $120-121. Again, I will keep an eye on the RSI touching 39 around here and consider entry on the bounce.
Good luck traders!
AAPL hit the $118-120 target on time based on previous analysis -- white arrows.
Few days ago, I had added a yellow path and have just added a blue path as well to track AAPL's movement from here and be prepared for the right entry.
Yellow Arrow Path: AAPL moved up to $120 around 7 days early based on this prediction. The reason I am keeping this track open is because I believe AAPL could still move with this channel if there is some selling taking place early December and based on any pressure from NASDAQ and QQQ in first half of December.
Blue Arrow Path: If bullish momentum continues on December 1 and 2, AAPL could break out of the 120 resistance and soon be testing resistance around 124-126.
Entry timeline: I expect the ideal entry between December 17 to 28 based on which of the three colored arrows AAPL follows.
Ideal Entry Price: I still believe AAPL will likely re-test the Green support line closer to entry timeline suggested. Looking for $112-113 around RSI 39 or below.
Alternative Entry Price: If AAPL sticks only to the blue arrows, the entry may be around $120-121. Again, I will keep an eye on the RSI touching 39 around here and consider entry on the bounce.
Good luck traders!
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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.