Nov. 22 at 1:37 AM
$AAPL Trade Plan:
Market Context:
$AAPL is currently trading at
$271.49, showing strength as it is above both the 30-day moving average (MA30) of
$265.06 and the 50-day moving average (MA50) of
$259.49. The RSI of 54.69 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is near the 60-day high of
$277.32, indicating a resistance level, while the 60-day low of
$225.95 provides a solid support range. The current trading position above the MAs and the RSI suggests a bullish outlook, but caution is warranted as it approaches resistance.
Suggested Entry: Consider entering a long position above
$272.00 to confirm upward momentum.
Stop: Set a stop loss at
$265.00 to manage risk.
Targets: Aim for a first target at
$277.00 (60D High) and a second target at
$280.00, allowing for potential further gains.
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