AAPL retest and bounce buyThis is a Short term swing buy.
The criteria
This trade is based on the potential formation of a reverse "j-hook" pattern, support and resistance re-testing and momentum of the stock.
AAPL has broken above the resistance at 133 and is itching to retest it. When it retests at around 133, I will place an order to enter at 138, It that order gets filled at 138, my target is 147 and my stoploss is 128.
The Trade
Buy to enter order at 138
stoploss order at 128
Target at 147
The trade management
Enter after the pullback has started to turn up.
once the order is live place an alert at 142
If AAPL moves above 142 , adjust the stoploss to 138.
As usual Trade safe, and this does not constitute investment advice, you are responsible for your own actions.
