Though Volume is not where I wanted it to be, the close above 50-day moving average was positive sing plus recent bullish homing pigeon which got the confirmation 2-days ago. As noted a few days ago the chance to see run up into earning was high, and if you did not enter below $106.5 it may look too late to play now and wait earning which will give you a chance to enter either long or short. If you decide to take a long position, watch the descending resistance trend line that has been cleared today but still vulnerable for violation.
Comments
VelvetHammersTrading
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Quick question, the term "homing pigeon"? If AAPL continues to breach the triangle, would be normal to see a retest of the descending resistance before continuing.