APPLE Soars! Long Trade Achieves Key Targets – Bulls in Control

16 Okt

Apple has displayed a strong uptrend since the long entry at 184.92 on 7th May, 2024, reaching multiple profit targets as the bullish momentum continued.

Key Levels

• Entry: 184.92 – The long position was initiated as the price broke above this level, indicating bullish strength.
  
• Stop-Loss (SL): 174.50 – Positioned below recent support to manage risk and protect against a downside move.
  
• Take Profit 1 (TP1): 197.80 – The first target was achieved, confirming the continuation of the uptrend.
  
• Take Profit 2 (TP2): 218.65 – Bullish momentum carried the price to this level.
  
• Take Profit 3 (TP3): 239.50 – A further extension of the rally will bring the price to this target which looks very likely.
  
• Take Profit 4 (TP4): 252.38 – The final profit target, indicating a significant uptrend since the entry.
  

Trend Analysis
Apple's price is well above the Risological Dotted trendline, affirming the strength of the uptrend. The sustained upward movement suggests strong market sentiment, with the potential for further gains beyond the final target.

The long trade on Apple has performed exceptionally well, with multiple targets reached. The final target at 252.38 reflects a robust rally, supported by the Risological Dotted trendline and consistent buying interest.