nmike
Long

EXTREME BUYING in APPLE

BATS:AAPL   APPLE INC
497 15 3
Candles outside the BB(100) signifies EXTREME buying pressure.It usually ends with an ISOLATED EXHAUSTION SPIKE and the RSI (7) moving below 30.
..sorry folks,should have read: RSI (7) below 70.>>>>>RSI (7) still above 70, NO lower BARS .....keep holding
Reply
I wonder if this weekend's news about winning against Samsung is the last bit of positive news for awhile. Tradable tops occur with all the good news on the front page...
Reply
Tim, you're probably right especially now with a good run up in the overall U.S. indices.There is a NEGATIVE DIVERGENCE in APPL right now.I would take profit if we get a red candle close below the 10MA or if it breaks current short term trend line.
Reply
After Apple vs Samsung the smartphone market will be different and i do not think that it was really good news for AAPL.
Reply
nmike MOD charttrader
Hello Trader,you might be right but let the CHARTS tell us that.Charts don't lie.
Reply
nmike, keep in mind you are using a very short term rsi of only 7 days, so if you have all up-days for 7 days it will register a big drop on the first down day... If you simply look at price alone, you can always derive what all the other derivatives of price are showing. See if you can study just the price bars for patterns. There is truth in the bars themselves.
Reply
agreed, if the chart stays the same by tomorrow afternoon,I would take some profit as we have negative divergence, a fair size red candle and shorter bars on the oscillators.You also have to watch this index:https:
//www.tradingview.com/v/asVk0gkj/
Reply
gogg nmike
Could you please provide your thoughts on the following idea?
Apple product launch and seasonal pattern

Apple product launch and seasonal pattern
Reply
This analysis is EXCELLENT. If you understand it and if history repeats itself(it usually does)then this analysis will of be value going forward. I don't use fundamentals or seasonality in my trading. As far as I'm concerned seasonality and fundamentals are already included in basic CANDLE STICK price action.The other 2 best tools for successful technical trading is MULTI TIME FRAME ANALYSIS, starting from monthly and of course DIVERGENCES.
Reply
......extreme long continues
Reply
...I'm not impressed so far this week, get ready to take profit in Apple
Reply
yup..100 % correct, selling my Jan13 calls tomorrow, before the iphone 5 announcement
Reply
>>>>EXTREME BUYING PRESSURE CONTINUES......
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out