AAPL expected to open at 117.75 for a Perfect Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com
If earnings are positive look for AAPL to gap above $115 and hold. If Apple misses earnings then the $101-104 area will be crucial to watch. Extended trading below the median fork (thick black line) would be especially bearish.
Just a simple chart showing FOMC results on SPY.
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I am looking for apple to break out of this channel flag and move higher. We had a fail breakout in recent weeks but looks like there is a market pattern on flags...Bidu, Goog all setting up
If thick red line breaks, door is open to 2013 low ($55 level).
Let's see if we can get a downrun and a rebound before the earnings..
Selling into Nov 2014 recent highs has morphed into churning. See also link to previous post in 2014.11.24 (TradingView dates are mis-aligned) re my position size reduction going into $120 Nov 2014. Right shoulder $114.85 was a cyclical resistance level calculated on 2014.12.10. Trading lifted prices off short term lows at $106.26 on Dec 16. Likely pro trading...
Apple seems to be heading back to test support around the figure 100 zone. We will wait for a breakout above the recent high of 120 before considering long positions. For now we will stand aside.
After two successful short setup which reached their final target level, 110$, is it time to go long? Maybe..at least for the short term. Bullish Bat just completed near 110$ Setup for next week? Holiday spirit and Jannet Yellen may support!
For detailed analysis and commentary, see original blog post published here: www.syncubate.com Since the week of 10/13, when AAPL traded as low as $95.18, the stock is up nearly $25, having hit an all time high of $119.75 on 11/25. Yesterday, AAPL closed at $119, its highest daily close ever, and the company's market capitalization is now upwards of $700 billion...
Everyone has a different opinion about the answer to this question. I have learned that any day can be the right day to begin a trade or investment. The real question is how to limit the risk. This goes for Long and Short investments. Why didn't you buy AAPL at $80? Did you think it had jumped too much after the $5 gap up? This gap up was nice for current...
If you want to try AAPL Long right here, just use UT 2 (the green uptrend line) as your guide. It could be a short ride but you never know... As long as AAPL is above UT 2, stay the course. But if AAPL closes below UT 2 before you have profits, get out of the trade. Once you have profits you have the ability to make "small adjustments" to trend lines. Just...
Long until $120 then trim. Trailing stops currently moved up to mid $90's. Looks like AAPL could run sideways towards trend at approx $115 then proceed higher. Looks like profit taking on 2014.11.21.Fri. No supply signals at this time to concern me. I will attach weekly & monthly charts to this thread as a comment.