Apple long with 1:4 risk/reward
Apple have recently bounced on a double bottom, making an descending triangle formation. In addition to that, it bounced off a trend channel from 2012. A very good entry would've been @92$, but there's still a possible for another long entry, before we shoot for the skies. If this analysis is succesful, then you have an entry around 95$ with a target to 119,5$... A massive 25% investment.
That being said, Apples future heavily depends on the indexes, as we might be approaching a bear market, which would result in bearish break of trend channel and descending triangle, with a target down at 76$ (GAP)
Picture with trend channel start
That being said, Apples future heavily depends on the indexes, as we might be approaching a bear market, which would result in bearish break of trend channel and descending triangle, with a target down at 76$ (GAP)
Picture with trend channel start
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