Apple Inc
Long

Apple's Symmetrical Triangle Breakout

317
Apple has broken out of a symmetrical triangle to the upside that has been consolidating since late January. Call volume has been very bullish today as well as the past week. I am looking for a move much higher over the coming weeks. The federal reserve meetings have reassured folks enough that it seems tech is off the hook for the moment. The difference between the peak to trough added to the peak since it was a breakout upward will be my price target. In this case that is (145.09 - 116.21) + 145.09 = 173.97. Stop loss will be set at the breakout point, which is 132.52. Good luck to all!

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