Bullish- Triangle breakout
Bullish, will be looking for a possible breakout from this triangle
Note
AAPL is squeezing on its daily chart and approaching the end of this triangle. Squeezing between the AVWAP of the previous high and low. Bollinger bands squeezing as well. MAs curling while price action reclaims them (not pictured). Huge weekly symmetrical triangle.An ideal entry- a retest of 127.25 comes on Monday for a nice safe-ish entry. If not can always get in on the breakout.
PT1 - $129.5
PT2 - $130.5-$131
Long Term PT $135 + Breakout.
The bigger the base, the bigger the breakout.
Note
PT1- ReachedTrade closed: target reached
All Price Targets Reached
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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.