NFTRH+; Apple Done 2 Ways

AAPL (weekly chart, click to expand) done the linear scale way.

The EMA 200 supported corrections in AAPL in 2013 and 2016. The stock is now approaching that moving average again, and it is in convergence with a 62% Fib retrace of the entire post-2015 rally.

AAPL done the log scale way.

A trend channel conveniently appears at around the 62% retrace shown above and the EMA 200.

So the world may be ending or perhaps the 140s may be a buying opportunity on a very substantial company. NFTRH+’s job is just to illustrate the charts. I started a position. A stop loss would be to suit risk tolerance below the 130 to 140 range.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason), which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.