Top 5 Weekly Trade Ideas #2 - AAPL Ascending Wedge

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AAPL recently broke below a longer term uptrend but has mostly moved sideways since. Now we have a clean looking wedge forming on the 1hr. It closed right around $230 last week, price has had a hard time moving above lately. It'll be a key area to use for directional bias in the short term.

I'll be looking for puts targeting about $216 if we fail at $230 and break below the wedge. To the upside, if $230 is broken I'd be looking for longs on retests of $230 for a move back to ATH and potentially higher.

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تم فتح الصفقة

Gap up above $230 and the trendline. Retesting the trendline now, could be a good long here or at $230. Stop on longs is below $230.

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أغلقت الصفقة: تم الوصول للهدف

Huge $10 move off of $230 in a matter of days. Doesn't get much better than that.