Apple is looking bullish after breaching resistance and trading above so if we will get a weekly closing tomorrow above mentioned resistance can consider a long in it for the target of 230 levels.
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time high and no previous resistance is standing so we can use the Height of triangle from where it took resistance to swing low it made after for what are the potential target can arrived in coming sessions.
2- A rising trendline resistance I plotted on this chart, which is also adjoin the same levels where the height of triangle is indicating the coming target, so according to me the point of target is looking so logical.
Stop loss-:
So if we are going long in any of scrip I think the exit in loss (stop loss) is more important so I always believe to take and mention stop loss and that is 181 levels are looking a strong support now on weekly candle below basis which is looking a good R:R.
KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.
Regards-: Amit (AR)