Apple Inc. Key Resistance Breakout SetupI'm observing an interesting setup on Apple Inc. (AAPL) on the daily timeframe. The price has approached a critical resistance level at $236–$237.50, which has acted as a rejection point in the past. A breakout above this level with a successful retest could confirm bullish momentum.
### My Game Plan:
- **Breakout Confirmation**: Wait for the price to break above $237.50 with strong volume.
- **Retest Entry**: If the price pulls back to retest the $236–$237.50 zone and shows bullish rejection, it could offer a low-risk entry point.
- **Target**: Post-breakout, the price could potentially rally towards $245 and beyond.
- **Stop Loss**: Placed below the $234 level to minimize downside risk.
### Key Notes:
This setup aligns with my approach of trading breakouts with confirmation and retests. Remember to manage risk and use proper position sizing.
What are your thoughts on this ? Let me know in the comments!
