Wall Street Traders Report June 30
Shares in Apple have enjoyed a rise in prices for the past few months. The rise in prices has formed an up-trend with a recent retracement forming a trend channel.
The share price had a bullish breakout from the channel on Friday. This provides my trigger to enter a long position. I will look to enter somewhere in the region of the real body candle from Friday (approx $91.00). My stop will be placed under the most recent pivot lows in the region of $89.50.