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TomProTrader
May 16, 2016 3:44 PM

#AAPL: Hit Bottom? Bulls Active, Expecting Upside! #Apple Long

Apple Inc.NASDAQ

Description

Traders,

Bulls around at historical support zone. We had a compelling morning star/ inverted hammer, bullish gap up here, suggesting the bulls are here for real and the bulls have acknowledged the long term support zone. Expecting some nice upside here.

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Best regards,
Tom
Comments
nahidik
Tom Great setup
Having Warren Buffett disclosing BH's interest should give it a push.
TomProTrader
Thanks. Yes, the disclosure of Berkshire hathaway's interest in Apple is bound to ignite some form of optimism in Apple shares. Apple, being severely sold, is probably at prime price, allowing investors to take advantage of an oversold situation at a historical support level. Good long position here with tight loss possibilities.
TimBrent
Very nice i will give it a try to get some profits out of stocks with thid trade :)
IvanLabrie
This is a hero call, I'm in from 90. Let's see how it goes.
TomProTrader
Let's see if we get this one! Thanks for your input
IvanLabrie
It's a terrific call Tom, cheers.
Daniel.B
I like the idea also, have been keeping my eye on the intra-day price action for a possible long entry. Thanks for sharing Tom!
TomProTrader
Good luck !
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