npatz_2000
Long

WYCKOFF LONG AAPL

NASDAQ:AAPL   Apple Inc
198 0 3
Medium - long term outlook : Long
Short term outlook : Long

Reason for Long :
1. Pullback to bottom of bullish trend channel (white)
2. Regular divergence of OBV ( volume ) and price; AKA secondary test of selling climax (Wyckoff)
3. Regular divergence followed by hidden divergence on heavier volume with support at prior low ("Spring" - Wyckoff)
4. First break of bottom of bullish trend channel (white), further indication that this could be a "Spring" (a shakeout of previous longs, AKA running stops so the "smart money" can accumulate more stock at lower prices prior to the mark up phase)
5. Reverse head and shoulders pattern (right shoulder)
6. Symmetrical triangle pattern between the bottom of the bullish trend channel (white) and top of bearish trend channel (red); could be a false breakdown of this triangle pattern , leading to a bullish breakout.

Entry - pullback (Test of Supply - Wyckoff) without closing below the support level (blue line)
Initial Stop - swing low
First Target - prior swing high at around $112
Runner - major swing high/upper bullish trend channel line around $120
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out