stephen.punwasi

Should I long $AAPL already?

Long
NASDAQ:AAPL   Apple Inc
We all know that long AAPL into September will be the easiest percentage points you'll add to your portfolio, but how early should you buy, and what signals should you look for?

Price: Any break above 96.30 and I would consider starting to buy shares. A break above 97.00 and I would complete initiating any left over capital I wanted to allocate. At that point I would set a stop loss at around the 96.30 point.

MACD: While it still looks like it's pushing down, the histogram strongly indicates that a reversal is quickly approaching.

Accumulation, while today was a day with distribution winning, the general trend is the stock is being accumulated. I would watch for any break in the trend towards distribution as a safe guard to protect gains.

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