Apple has faced a significant amount of negative press recently, which has created a lot of fear and critical perceptions. This situation indicates that in times of fear, you should buy, and in times of greed, you should sell. As a result, I have taken a substantial long position on Apple.
The flag pattern is nearly complete, suggesting that a move is imminent. My stop loss is set at $196, with an expected profit from a positive breakout at >$223, indicating potential gains of over 10%. There is further upside potential to exceed >$230.
Apple is a strong long-term hold regardless of current fluctuations. It has an extensive and mature ecosystem, and this is not a company I would bet against. If you already own Apple products, you understand how unlikely it is that you would ever switch to something else.
The flag pattern is nearly complete, suggesting that a move is imminent. My stop loss is set at $196, with an expected profit from a positive breakout at >$223, indicating potential gains of over 10%. There is further upside potential to exceed >$230.
Apple is a strong long-term hold regardless of current fluctuations. It has an extensive and mature ecosystem, and this is not a company I would bet against. If you already own Apple products, you understand how unlikely it is that you would ever switch to something else.
Trade closed: target reached
Needs to close above 196.45 to be valid, lowest you can push the pattern. Note
Close was 196.45 to the cent on the flag pattern (as above...). Monday will decide how this plays out. Note
On Monday, the market closed positively at 198.42. If we can maintain our position above this level and stay above 195.97. The final date for the flag pattern breakout is June 30th, which also marks the end of the first half and second quarter. This could lead to increased market volatility as traders adjust their positions and rebalance their portfolios for the second half of the year.I believe that Apple is a strong stock to hold during uncertain times, backed by solid fundamentals and an excellent customer ecosystem that is hard to overlook. Despite any tariffs, Apple users tend to accept higher prices compared to other brands, as it is considered a premium product. Please note that this is not financial advice.
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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.