Introduction:
Apple
AAPL is approaching a critical support zone that has consistently held over the past two months. As price retraces toward this level, it presents a potential long opportunity for traders looking to position ahead of the next bullish leg.
Technical Setup:
Support Zone: $193 – $196
This area has acted as a strong demand zone, providing multiple bounce points since April.
Price is now pulling back into this region, offering a potential entry for a long trade.
Trade Idea:
Entry: $193 – $196 (on confirmation of support holding)
Take Profit Targets:
First Target: $210 – $215
Second Target: $225 – $233
Stop Loss: Just below $184 (to protect against a breakdown from support)
#AAPL #Apple #Stocks #TechnicalAnalysis #SupportZone #LongSetup #TradingStrategy #NASDAQ #TechStocks #RiskReward
Apple
AAPL is approaching a critical support zone that has consistently held over the past two months. As price retraces toward this level, it presents a potential long opportunity for traders looking to position ahead of the next bullish leg.Technical Setup:
Support Zone: $193 – $196
This area has acted as a strong demand zone, providing multiple bounce points since April.
Price is now pulling back into this region, offering a potential entry for a long trade.
Trade Idea:
Entry: $193 – $196 (on confirmation of support holding)
Take Profit Targets:
First Target: $210 – $215
Second Target: $225 – $233
Stop Loss: Just below $184 (to protect against a breakdown from support)
#AAPL #Apple #Stocks #TechnicalAnalysis #SupportZone #LongSetup #TradingStrategy #NASDAQ #TechStocks #RiskReward
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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.
Related publications
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.