Apple is currently retesting the all-time-high breakout zone. If you're looking for an entry with a close stop loss for Apple, this would be the moment you would enter the market.
Given that we just reached a new all-time-high by overcoming MAJOR resistance, the chance of us breaking to the upside and continuing to make new all-time-highs is very likely. The resistance above is very minimal and above that is all open sky.
Given that we just reached a new all-time-high by overcoming MAJOR resistance, the chance of us breaking to the upside and continuing to make new all-time-highs is very likely. The resistance above is very minimal and above that is all open sky.
Note
The major resistance I'm referring to is the upward solid green trendline. This trendline goes back to 2012 and we recently went above it in May 2018.Trade closed: target reached
Entered after 195 upon seeing the bullish gap which confirmed a strong break above resistance.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.