Apple Breakout Trade
🟢 Trade Idea - Apple breakout
📈Apple jumped 7.3% to a new ATH of $207.2
1️⃣ Technical signal: A 'golden cross' is forming as the 50-day moving average crosses above the 200-day, suggesting a new uptrend.
Key Levels
2️⃣ Price target: Setting $228 as the target by adding $31 to the breakout point at $197
3️⃣ Support: Watch $197 as new support, it was previously a resistance
⚠️ Caution: Dropping below $197 might suggest a potential reversal
4️⃣ Plan: Look for stability above $197 to confirm the breakout. Target near $228.
📈Apple jumped 7.3% to a new ATH of $207.2
1️⃣ Technical signal: A 'golden cross' is forming as the 50-day moving average crosses above the 200-day, suggesting a new uptrend.
Key Levels
2️⃣ Price target: Setting $228 as the target by adding $31 to the breakout point at $197
3️⃣ Support: Watch $197 as new support, it was previously a resistance
⚠️ Caution: Dropping below $197 might suggest a potential reversal
4️⃣ Plan: Look for stability above $197 to confirm the breakout. Target near $228.
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