AAPL
Today's Date: 11/28/20 742am
TLDR: Bullish on TL Squeeze Play
Linework:
Fib drawn Sep 21 low to Oct 13 high (during the zone trading time)
Older TL from July 23, can extend backwards and see it aligning with run up.
Recent TLs
AAPL has been zone trading since October with no major news.
Fib 786 and 382 align with horiz price lines.
Fib 500 has caused price action as well.
All indicators show a squeeze play coming, it's just whether you chose Squeeze 1 in Dec 4 or Squeeze 2 in Dec 25ish. I prefer the recent one- that old TL appears reasonable with several touches.
Plan: watch for AAPL to hit top TL or Fib 618 and use that as confirmation. Set up a buy at the bottom TL around Fib 500 with a stop around Fib 382. Ride up to 786.
Insert baby rocket emojis.
Today's Date: 11/28/20 742am
TLDR: Bullish on TL Squeeze Play
Linework:
Fib drawn Sep 21 low to Oct 13 high (during the zone trading time)
Older TL from July 23, can extend backwards and see it aligning with run up.
Recent TLs
AAPL has been zone trading since October with no major news.
Fib 786 and 382 align with horiz price lines.
Fib 500 has caused price action as well.
All indicators show a squeeze play coming, it's just whether you chose Squeeze 1 in Dec 4 or Squeeze 2 in Dec 25ish. I prefer the recent one- that old TL appears reasonable with several touches.
Plan: watch for AAPL to hit top TL or Fib 618 and use that as confirmation. Set up a buy at the bottom TL around Fib 500 with a stop around Fib 382. Ride up to 786.
Insert baby rocket emojis.