Nov. 9 at 4:17 AM
$AAPL is currently trading at
$268.47, showing a strong upward momentum with an RSI of 63.6, indicating it is approaching overbought territory but still has room for further gains. The price is above both the 30-day moving average (MA30) of
$259.91 and the 50-day moving average (MA50) of
$252.25, suggesting a bullish trend.
Given the recent 60-day high of
$277.32, there is potential for the stock to test this level again. The 60-day low of
$223.78 provides a solid support reference.
Suggested trade plan:
- Entry:
$270.00 (slightly above the current price to confirm momentum)
- Stop:
$265.00 (to limit downside risk)
- Target 1:
$275.00 (near the recent high)
- Target 2:
$280.00 (psychological level and potential breakout)
This plan capitalizes on the bullish trend while managing risk effectively.
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