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!
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.