AAPL has put a nicely retrace towards 50% fib levels at the moment , and also this retracement should reverse between 61%- 78% of the fib retracement.
AAPL has key level at 156
If AAPL fails to get above 156, this should go all the way back towards 100.00 levels.
So buy back above 179 once reach 61% retracement or 78% retracement
AAPL has key level at 156
If AAPL fails to get above 156, this should go all the way back towards 100.00 levels.
So buy back above 179 once reach 61% retracement or 78% retracement
Trade active:
AAPL Trade is going nicely for the moment, If you are more conservative on risk, you can close half the position now and run the rest towards 234.00 levels. If not run the whole position to 215.00.
If the price action breaking below the recent lows of 169, will not be good for the trade. Therefore we can move our stops to 167 area (below the lows)
If the price action breaking below the recent lows of 169, will not be good for the trade. Therefore we can move our stops to 167 area (below the lows)
Trade closed manually
levels. I am happy with 2% + return on this trade. And I will be looking for pullbacks to buy this stock again