Go long AAPL on first touch of 200.50Levels of support typically produce a pop or bounce on the first touch.
There is an untested level of support around $200.50.
SETUP: This is not a prediction price will get to 200.50. However, if or when it does, enter long.
I call this conditional trading .
ENTRY: $200.50
Long position
TARGET: $204
This is an area right below the next area of support left by the long wick at $204.50
STOP: $198.75
Right below the low of the area of congestion where the support level exists
