AAPL - Magazine Cover Setup!
In February 2024, we published an analysis indicating a sell in two targets; however, only one target was achieved.
Apple showed resilience and continued its stable path of continuous appreciation.
An Elephant Bar was what broke the resistance line, and the operation still has the support of the Fiboclouds that aligned and compacted in the H4, D, and W timeframes. This movement suggests a continued breakout towards the first target.
We project the best buy point to be a pullback equivalent to a 2/3 correction of the Elephant Bar candle that initiated the breakout. If this projection is realized in practice, and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was entered.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
Follow us to receive notifications of new trades as well as frequent updates on ongoing trades.
