Apple (AAPL) Quick $2 per share Using BB + RVI + ADX

Apple is trading near the 20-day MA, which could be a sign that it is going to exit the pullback soon. This suggest an opportunity to plan for a trade.

As seen from the past BB pattern, there is an upwards move in to middle BB 20, this suggest that Apple would be having an upside trend, this give me the confirmation and confidence to look out for a trade on Apple today.

As we can see that around market open, Apple is having RVI above 50 and ADX is trending above 40 steadily, this is where I decide to plan to enter at around $186.30 with a stop loss at $186.

As we continue to see ADX moving upwards above 40, but RVI tough have a few ups and downs, but there is a point after midnight where both RVI and ADX start to go below 50 and 40 level respectively, that is when I decide to exit with a $2 dollar profit per share.

This is a quick trade where I use simple indicators to identify the stock current trend and apply RVI +ADX to find and plan for the entry.

This is another example of how I have used RVI and ADX to do a trade when there is an upside trend for a stock.

Appreciate if you could share your thoughts in the comment section whether you think Apple would continue its upside after coming out of the pullback?

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.