Started by identifying a month long channel that started forming late March.
Support seems consistent.
Identified levels @ 240, 255, 265, 290 and 305.
Notation: 240 level = L240
Expecting rejection from L290 and bounce off trend support on 27 April, followed by a rise to L305 by 1st of May.
Planning to enter after breach of L290 with a SL of 1150p (2% risk @ 8000 balance) and a TP of 1705p, just above L305 for a Risk/Reward ratio of 1.48
Perhaps a more conservative approach would be to place the TP under L305.
Support seems consistent.
Identified levels @ 240, 255, 265, 290 and 305.
Notation: 240 level = L240
Expecting rejection from L290 and bounce off trend support on 27 April, followed by a rise to L305 by 1st of May.
Planning to enter after breach of L290 with a SL of 1150p (2% risk @ 8000 balance) and a TP of 1705p, just above L305 for a Risk/Reward ratio of 1.48
Perhaps a more conservative approach would be to place the TP under L305.
Nota
AAPL earnings due on 30 April, pay attention :)Nota
Also, MACD shows no divergence => one more reason for going long
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.