Apple IncLargo
Strong Bullish Moves 🔥. Targets: $145, $158, $189
Greetings Investors,
I'm bullish on AAPL, based on the following:
Bullish Factors:
1. Bullish cup & handle pattern.
2. AAPL retraced to the buy zone, between the monthly (blue) and quarterly (orange) EMA. AAPL has a history of respecting the quarterly EMA.
3. The long candle wick on the 10D chart is an strong indicator of potential price over the next (2) weeks.
4. If AAPL pushes through resistance ($145) with strong volume, then the next target $158, followed by $189.
Bearish Factors:
1. AAPL could retrace to previously levels of support shown at 23%, 38%, and 50% on the chart. A bounce from any of these levels indicates a very strong bullish trend. Therefore, if price falls, consider it an opportunity to enter your position at a bargain discount.
Strategy:
1. Consider the OTM 19 Mar 140C, 145C, or 150C with a focus on a retest of resistance around $145.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
I'm bullish on AAPL, based on the following:
Bullish Factors:
1. Bullish cup & handle pattern.
2. AAPL retraced to the buy zone, between the monthly (blue) and quarterly (orange) EMA. AAPL has a history of respecting the quarterly EMA.
3. The long candle wick on the 10D chart is an strong indicator of potential price over the next (2) weeks.
4. If AAPL pushes through resistance ($145) with strong volume, then the next target $158, followed by $189.
Bearish Factors:
1. AAPL could retrace to previously levels of support shown at 23%, 38%, and 50% on the chart. A bounce from any of these levels indicates a very strong bullish trend. Therefore, if price falls, consider it an opportunity to enter your position at a bargain discount.
Strategy:
1. Consider the OTM 19 Mar 140C, 145C, or 150C with a focus on a retest of resistance around $145.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
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