Apple going higher - or is it just a fakeout?

Apple has broken up through both long- and short-term resistance.
Since RSI isn´t really overbought we could look at a short term extension and then back to resistance (now support).
A possible target is the Fib extension 127% at 197,69.
Stops just below latest swing below the short-term support giving us a nice Risk:Reward.
appleFibonacciFibonacci ExtensionTrend AnalysisTrend Lines

Henrik Siverhall
SMC Trading

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