Apple Inc
Long
Aggiornato

Trading Idea - #Apple (let's retest the resistance)

165
BUY

ENTRY: 124.60 USD
TARGET: 136.00 USD (9% profit)
STOP: 118.00 USD

1. Support 108.98 USD / Resistance: 137.52 USD
2. While retesting the resistance line, the lows are getting higher. It looks like an ascending triangle is shaping.
3. Ascending support line (blue line) should give another upward impulse!
4. The company has high profit margins, which means a high level of profitability.
5. Apple's financial position is looking great, which means a huge investment capacity.
6. Apple pays little or no dividend.
7. The estimated company value of 5.80 x annual sales appears to be a bit overrated.
Trade chiuso: obiettivo raggiunto

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