Proposed long trade for Apple
Apple is undergoing a correction phase after peaking @$200
As per my Elliott Wave count we would be in the beginnings of a larger Wave 5, in an uptrend.
I understand there is daily volume support in the range of $177-180, expecting buyers to defend the price if it reaches said zone.
Current price @ around $182.50 seems an attractive entry point for a LONG trade.
Target: Between $200-207
Stop Loss: I have set it at $170.63 but it depends on your risk appetite.
The whole idea is a standard 2/2.2 reward ratio.
Let´s see what the market tells us!
As per my Elliott Wave count we would be in the beginnings of a larger Wave 5, in an uptrend.
I understand there is daily volume support in the range of $177-180, expecting buyers to defend the price if it reaches said zone.
Current price @ around $182.50 seems an attractive entry point for a LONG trade.
Target: Between $200-207
Stop Loss: I have set it at $170.63 but it depends on your risk appetite.
The whole idea is a standard 2/2.2 reward ratio.
Let´s see what the market tells us!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.