Just getting back to this blog after a long hiatus. Follow me for more charts!
This two-year chart shows $AAPL breaking a wedge on incredibly high volume. Based on this simple chart, one can clearly see the wedge being broken on very high volume, which appears incredibly bullish for the stock. I will be monitoring this break for any kind of fade, but all I can offer at this time is support at $227. The stock is at an all-time high, so it is impossible to predict where it will find resistance. We can however, see that the last time $AAPL broke a significant resistant point back in August 2018, it went from about $190 to $227 before it faded again. This was a 20% move. If history repeats itself now, this recent wedge break at $227 can see the stock jump to as much as $272 before see some resistance. Happy trading!
This two-year chart shows $AAPL breaking a wedge on incredibly high volume. Based on this simple chart, one can clearly see the wedge being broken on very high volume, which appears incredibly bullish for the stock. I will be monitoring this break for any kind of fade, but all I can offer at this time is support at $227. The stock is at an all-time high, so it is impossible to predict where it will find resistance. We can however, see that the last time $AAPL broke a significant resistant point back in August 2018, it went from about $190 to $227 before it faded again. This was a 20% move. If history repeats itself now, this recent wedge break at $227 can see the stock jump to as much as $272 before see some resistance. Happy trading!
