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Tuesday, October 15, 2024 2:32:45 PM
By: Intelligent Investing | October 15, 2024
• $AAPL
Nice potential triangle consolidations on the weekly time frame: It is holding above its weekly SMAs and its Ichimoku Cloud, which is Bullish.
A breakout above $233 on a weekly close can target $253-270. But a weekly close below last week's low negates the potential set-up.
Thus, we now have a trigger and risk/reward profile for a potential trade. That's all we need.
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DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
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