AAPL Newbie Analysis [5 Sep 2021]

5 thg 9, 2021

Looking Bullish. Strong resistance at 155. There is a small pennants with reducing volume.

Lookout for high volume or oversold RSI for a breakout above.

Plan
Thinking to enter the trade if price hit 156.50 - preferably after breakout pullback.

Stop Loss
153.5

Price Target
- 169.43 (100% of Wave 1)
- 173.4 (100% height of pole using Fib 149.3/123.5/147.6)

This is not financial advice.
Please be kind, I am new and welcome constructive feedback:)

9 thg 9, 2021

Ghi chú

- Hit resistance at 157.2 (blue line, which was my previous price target) and a pullback is happening right now.
- Pullback falling nicely on support at 154.7
- if this level do not hold, it is likely to pullback to 151.27 (61.8% using Fib 157.2/147.6), which is also around previous resistance level.

Having said that, with apple launch event coming up next week, might change how things is.