Looking on the 2 hour time frame, Apple stock moved above the 50 MA indicating bullish momentum. Furthermore, the MACD indicator is above 0 showing indeed upside momentum. Therefore, based on Fibonacci Retracement, traders may look for a long position with 2 take profits at 0.61 and 0.78 Fibonacci Levels:
Entry Price: $156.05
1^Target price: $160.54
2^Target price: $164.31
Stop loss at $153.73
Entry Price: $156.05
1^Target price: $160.54
2^Target price: $164.31
Stop loss at $153.73
Trade closed: stop reached:
stop loss hit
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