octradr
Long

AAPL CONTINUES ITS CLIMB

NASDAQ:AAPL   APPLE INC
142 4 2
I haven't done an analysis in a while but I am back.

Apple             has been extremely strong and the split appears to have been a success. The question now is "What price is a good price to get in to limit my risk?".

Good question. As you can see the weekly supports are as much as 20% below APPL's current trading price. I wouldn't expect it to get down to this level without some major warning so I feel confident that the rising daily support line will continue. This puts a stop loss at around 93. I would take this one step lower to 92 just to play it on the safe side.

This all being said, I would try to get in as close to 93 as possible. It's trading at 96.70 right now so the difference is about 4%. If you are good with a 4% risk then go ahead and get in now, but if you would like to limit it a little bit more wait for a small correction and then get in. I prefer my risk to be less than 2%.

Let me know what you think and as always I willkeep a close eye on this chart and try to catch any swing changes.
B4 close7/24
octradr
2 years ago
This is probably a good time to begin accumulating shares. The rising support is about 94 so this puts us at a 2% risk. 7/31 B4 close
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octradr
2 years ago
It's time to finish adding to the position. 8/11 B4 close 95.95
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octradr
2 years ago
Still good. 8/22
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octradr
2 years ago
Time to protect some profits. 9/3 B4 close 100.01
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