ddcakez

How to Play AAPL

NASDAQ:AAPL   Apple Inc
Personally I believe AAPL is in a conflicting state to hold plays in. My main concern regarding aapl is the amount of volume it is getting. The weis wave indicates that volume towards the bull and bear side are both low, meaning that we can't properly dictate where the stock has a greater chance of going. Not only have we been getting low volume, but we have been consolidating off of the 145 support and the 151 resistance. Consolidations tend to mean that a large move is in the making so I would personally wait for confirmation on whether or not to go on the long or short side. I believe we will see a bounce back to the 145 support and potentially a bounce back to the 151 resistance as we've seen for the past few days. Watch for breakouts.
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