EvanMedeiros

keep building that vol. continues to churn before the fireworks

BATS:AAPL   Apple Inc
2
$AAPL spending its 7th day contained in a 10 point range. Lots of volume put in within a tight range means positions are getting built both long and short that will ultimately lead to a powerful breakout as one side gets squeezed and the other is rewarded and press their side. I am still leaning to an upside breakout but Tuesdays action told a clear story that the stock was not ready for higher as it was rejected hard from 450. Just be aware day by day the volume and emotion is growing which will fuel the eventual fireworks. #noposition

Evan Medeiros
Founder, Trade Risk
---
Website: www.thetraderisk.com
Twitter: www.twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: www.thetraderisk.com/trading-newsletter
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.