To The Moon

Technical Analysis of My Apple (AAPL) Trade

I bought Apple (AAPL) at $219 and sold it at $251, capturing a profitable move during its upward momentum. Here’s the breakdown of my decision.

Moving Averages Support My Entry

At $219, Apple was trading near a strong support level. The MA10 and MA20 lines had started to flatten and converge, signaling a potential reversal from its downtrend. Additionally, the price was below the BBIBOLL midline, suggesting an attractive entry point.

Riding the Bullish Trend 📈

Once I entered, the stock began a steady climb, with the MA lines aligning in a clear bullish formation (MA5 > MA10 > MA20 > MA30). This alignment confirmed strong upward momentum, allowing me to hold through the trend.

Exit at Resistance

I sold at $251 because the price approached the upper BBIBOLL band, which indicated overextension. Additionally, at this point, the MA5 and MA10 lines showed signs of flattening, hinting at possible consolidation or a pullback. By exiting here, I locked in gains while avoiding the risk of a reversal.

Volume Confirmed Strength

Throughout the uptrend, steady volume supported the price movement, validating my confidence in holding. However, as the stock reached $251, volume began to wane slightly, which further justified my decision to sell.

This trade reflects my disciplined approach: buying at technical support, riding the trend, and selling near resistance for maximum profit.

Disclaimer: This is my personal trade analysis and not financial advice.

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