Hi all,
General trend for AAPL is uptrend for the past few years of data.
Trading Plan
Area of value: 117.50 to 104.50 for the past 1 month's range
Entry trigger: 117.50
Stop loss: 112.50
Exit: 122 (10%), 128(50%), 138(40%)
Time frame of holding: 2 days - 12 days
Note: At the level of 138, there was a huge pressure to sell off as it was a new high for AAPL.
Projected numbers
As my capital is very limited, I am only able to execute this trade at 20 shares.
Loss: $100 (2% of my capital)
Profits: $270 (11.5%)
Observations:
Apple has been trading in the range of 117.50 - 104.50, hence you can expect a very high probability breakout before/on day of news on the 13 October.
Fundamentals:
-Positive news of new products, new online shops in India market and flagship store in SG. Overall, positive news.
