Weakness to continue
AAPL will touch the $160 mark.... but only by 2022 in my opinion.
This is a great long term hold, and I have been swing trading AAPL often. I have been keen to build a long term position again, previously targeting $113 as entry (in the meantime I swing traded AAPL from 121 to 125). But, seeing the weekly chart, and continued weaker market sentiment, I feel this could go a little lower.
My swing trade set up:
Entry @ $113
Profit @ $119 - 124 (I expect to see this by April if the price drops to 113 this month).
Stop loss: $108.5 (note, I personally don't keep a stop loss on AAPL swings).
My long term entry set up:
Entry at $104 - $106.5 (expecting this close to June 2021)
2022 target: $160+
Additional details on the chart 🙂
Good luck traders!
This is a great long term hold, and I have been swing trading AAPL often. I have been keen to build a long term position again, previously targeting $113 as entry (in the meantime I swing traded AAPL from 121 to 125). But, seeing the weekly chart, and continued weaker market sentiment, I feel this could go a little lower.
My swing trade set up:
Entry @ $113
Profit @ $119 - 124 (I expect to see this by April if the price drops to 113 this month).
Stop loss: $108.5 (note, I personally don't keep a stop loss on AAPL swings).
My long term entry set up:
Entry at $104 - $106.5 (expecting this close to June 2021)
2022 target: $160+
Additional details on the chart 🙂
Good luck traders!
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