CFD Trading – Buy Apple Inc. (AAPL.NAS) @ $112.00. Stop @ $100.00 and Target @ $129.00

Apple Inc. Stock Code AAPL.NAS

Price broke above the cloud on 27 April 2020 and reached a high of $137.98 on 2 September 2020. After reaching this high, a price correction has bought price to a low of $103.10, which was also the Ichimoku cloud support zone, maintaining the bullish trend. Conversion and Base lines had a bearish crossover. Lagging Span is below price of 26 days ago but is above the cloud at the moment. Lagging Span, Conversion and Base lines are unable to confirm the bullish trend at the moment. MACD is bearish at the moment but we could be seeing a bullish crossover soon. We think the correction from the high could be coming to an end and price could be moving up to $129.00

$112.00              Buy
$129.00              Price Target
$100.00              Risk Management Stop
3 weeks              Trade Duration

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