Source: PaxForex Premium Analytics Portal, Technical Insight

As Apple approaches its $2 trillion valuations, analysts continue to raise their target stock prices. Wedbush analyst Dan Ives, who is one of the most aggressively inclined to buy shares of the company Apple (AAPL), on Monday repeated his rating best and raised its target price to 515 dollars, from the highest level on Wall Street, from 475 dollars.

Apple, H4

Pivot: 451.34

Analysis:

Provided that the asset is traded above 443.40, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 451.34
• Take Profit 1:  464.60
• Take Profit 2: 470.60

Alternative scenario: 

In case of breakdown of the level 443.40, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 443.40
• Take Profit 1: 433.60
• Take Profit 2: 427.80

Comment:

RSI shows an uptrend during the day.

Key levels:

Apple, D1

Pivot: 455.00

Analysis:

While the asset is traded above 425.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 455.00
• Take Profit 1: 481.00
• Take Profit 2: 501.00

Alternative scenario:

If the level 425.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 425.00
• Take Profit 1: 402.00
• Take Profit 2: 385.00

Comment:

RSI shows an uptrend. 

Key levels:

We also advise you to pay attention to Disney for intraday trading:

Pivot: 128.79

Analysis:

While the asset is traded above 123.20, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 128.79
• Take Profit 1: 139.50
• Take Profit 2: 143.50

Alternative scenario:

If the level 123.20 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 123.20
• Take Profit 1: 116.50
• Take Profit 2: 112.60