Yes, AAPL has been incredible! It hit our target at 131, and now in the same day it hit our second target at 132 and closed the gap.
Now, the 131 is a support for us, and it is close to the 20ma.
Since AAPL is a little overbought in the 4h chart, there’s a chance it’ll lose the 131 again and seek the 20ma. Also, we are near a resistance area, and this point attracts sellers, even without an overbought RSI.
I don’t think it is interesting to buy AAPL now, but this is the place to be careful, and start to sell your trading positions.
Long term speaking, yes, I think AAPL is bullish, and we are doing something like a Cup&Handle with a target at the all-time high.
Be careful, traders, and plan your trades wisely!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now, the 131 is a support for us, and it is close to the 20ma.
Since AAPL is a little overbought in the 4h chart, there’s a chance it’ll lose the 131 again and seek the 20ma. Also, we are near a resistance area, and this point attracts sellers, even without an overbought RSI.
I don’t think it is interesting to buy AAPL now, but this is the place to be careful, and start to sell your trading positions.
Long term speaking, yes, I think AAPL is bullish, and we are doing something like a Cup&Handle with a target at the all-time high.
Be careful, traders, and plan your trades wisely!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
