I'm observing an interesting setup on Apple Inc. (AAPL) on the daily timeframe. The price has approached a critical resistance level at $236–$237.50, which has acted as a rejection point in the past. A breakout above this level with a successful retest could confirm bullish momentum.
### My Game Plan:
- **Breakout Confirmation**: Wait for the price to break above $237.50 with strong volume.
- **Retest Entry**: If the price pulls back to retest the $236–$237.50 zone and shows bullish rejection, it could offer a low-risk entry point.
- **Target**: Post-breakout, the price could potentially rally towards $245 and beyond.
- **Stop Loss**: Placed below the $234 level to minimize downside risk.
### Key Notes:
This setup aligns with my approach of trading breakouts with confirmation and retests. Remember to manage risk and use proper position sizing.
What are your thoughts on this ? Let me know in the comments!
### My Game Plan:
- **Breakout Confirmation**: Wait for the price to break above $237.50 with strong volume.
- **Retest Entry**: If the price pulls back to retest the $236–$237.50 zone and shows bullish rejection, it could offer a low-risk entry point.
- **Target**: Post-breakout, the price could potentially rally towards $245 and beyond.
- **Stop Loss**: Placed below the $234 level to minimize downside risk.
### Key Notes:
This setup aligns with my approach of trading breakouts with confirmation and retests. Remember to manage risk and use proper position sizing.
What are your thoughts on this ? Let me know in the comments!
Shivam mandai
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Shivam mandai
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.