From TradingView · · 1m
Apple Hits $5T: Trading the 341, 339.8 Zone
Apple's price hits $5T market cap as traders target 347.80 from 341.00.
In brief
Apple's price hits $5T market cap as traders target 347.80 from 341.00. Apple's market value reached $5.005 trillion, with traders setting a long position at 341.00 with stop loss at 338.80 and target at 347.80. Originally reported by TradingView.
Apple Hits $5T Market Cap
Apple's market value reached $5.005 trillion, second only to Nvidia.
Trading the 341, 339.8 Zone
Traders target 347.80 from 341.00 with a stop loss at 338.80 and reward-to-risk ratio of 1:3.1.
Intraday Record High
Apple touched $348.15 on October 13 before closing at $341.27.
Bullish A-B-C-D Pattern
The 4H chart shows a completed bullish A-B-C-D pattern with higher lows and highs.
Technical Support and Resistance
Key support at 341.8, 339.8 and resistance at 345.5, 348.3 for Apple's price.
Trade Plan Details
Long position entry at 341.00 with stop loss at 338.80 and target at 347.80.
The essence
Apple's market value reached $5.005 trillion, with traders setting a long position at 341.00 with stop loss at 338.80 and target at 347.80.
