nmike

EXTREME BUYING in APPLE

Long
BATS:AAPL   Apple Inc
504 views
Candles outside the BB(100) signifies EXTREME buying pressure.It usually ends with an ISOLATED EXHAUSTION SPIKE and the RSI (7) moving below 30.

Comments

>>>>EXTREME BUYING PRESSURE CONTINUES......
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Followed.
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...I'm not impressed so far this week, get ready to take profit in Apple
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Algokid nmike
yup..100 % correct, selling my Jan13 calls tomorrow, before the iphone 5 announcement
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......extreme long continues
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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...
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nmike timwest
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.
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After Apple vs Samsung the smartphone market will be different and i do not think that it was really good news for AAPL.
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nmike charttrader
Hello Trader,you might be right but let the CHARTS tell us that.Charts don't lie.
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