Greetings All,
AAPL is bullish, but has a few gaps to close around R1 ($127) and the Pivot ($122). Resistance is evident at R3 around $134. The pattern appears to be a bullish cup and handle, but the handle is still forming. I anticipate a retrace to R1 or the Pivot, before AAPL breaks to the upside targeting $140 and then $150.
Happy Trading!
AAPL is bullish, but has a few gaps to close around R1 ($127) and the Pivot ($122). Resistance is evident at R3 around $134. The pattern appears to be a bullish cup and handle, but the handle is still forming. I anticipate a retrace to R1 or the Pivot, before AAPL breaks to the upside targeting $140 and then $150.
Happy Trading!
Note
Gap Filled at $127Trade active
SHORT PUT VERTICAL CREDIT SPREAD-------------------------------------------------
Bought 1 AAPL 05/21/21 Put 125.00 @ 2.12
Sold 1 AAPL 05/21/21 Put 128.00 @ 3.43
Note
AAPL cleared the first target. Can we make it to the $150s?
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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.