AAPL- Triangle Breakout, Bullish
- Have been watching AAPl for quite some time now (see the previous chart).
Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA.
- On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low with its Bollinger bands squeezing as well.
- MAs are curling while price action reclaims them (not pictured) with a huge symmetrical-triangle on its weekly chart
The bigger the base, the bigger the breakout
PT1 - $129.5
PT2 - $130.5-$131
Long Term PT $135 + Breakout.
Previous chart-
Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA.
- On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low with its Bollinger bands squeezing as well.
- MAs are curling while price action reclaims them (not pictured) with a huge symmetrical-triangle on its weekly chart
The bigger the base, the bigger the breakout
PT1 - $129.5
PT2 - $130.5-$131
Long Term PT $135 + Breakout.
Previous chart-
Note
PT1 ReachedNote
PT2 ReachedTrade closed manually
Closed circa 300% - all 3 PT's hit plus some
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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.