2ndSkiesForex
Long

Apple Showing Strong Price Action Reversal Signs

NASDAQ:AAPL   Apple Inc
260 0 2
After taking a beating, Apple             formed a series of 3 HLs             (Higher Lows) which is quite constructive for bulls. You will notice that there were sellers present during each of the 3 HL's as they formed, but in each case, the bulls were able to take control from the sellers. This to me represents a change of hands, and taking out the key resistance at $469 likely tripped up a lot of bear stops. Pullbacks into this area are good opportunities to get long as the bullish price action is quite impulsive, and looks set to take out $503.
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