2waytrading

False Breakout Top

NASDAQ:AAPL   Apple Inc
315 0 0
Very hard to argue that we have seen a false breakout top, because the volume was not light or below average last few sessions though price still hovering at and around previous ATH             . There is a good reason to argue the volume was much lower from previous high's volume but to us is very insignificant. In order to make a good trading decision, you need to analyse the breadth, momentum and the volume and all indicate that there is only a good chance to see 105 area or retrace to HL4 which falls at 96 area. We have a short position open and still see target achievable to this area. Remember that $AAPL             is market leader, if market goes up so will AAPL             as the long saying goes "Rising tide raises all boats" Site open for a new clients http://www.2waytrading.com
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