AAPL : Day Trading Plan for Monday Dec. 16th.2012

349 3 1
I'm off tomorrow, so will do a little bit of day trading on AAPL             . Here 's my plan :

RANGE : 505.50 - 518.00

NO TRADE ZONE : 508 - 510.25

Long trades :

Entry 1 --> Long @ 510.30 with a target @ 512.50. hard stop @ 509.25

Entry 2 --> Long @ 514.25 with a target @ 517.00. hard stop @ 512.95-513.00

Short trades :

Entry -->short @ 506.90 with target 505.57. hard stop @ 507.90

Different scenarios may occur tomorrow morning. CITI and MORGAN STANLEY             analysts just took opposite position on AAPL             . CITI is Neutral AAPL             as it beleive the demand for the iphone 5 is not that great. Meanwhile MORGAN STANLEY             say the demand for the same phone is off the chart. So are you siding with ?

The stock has been battered all last week. I expected the support around 505.50 -505.90 to be tested during pre -market trading or morning session of trading, then the bulls will come and test the resistance around 518. But hey, I don't have a crystal ball and may be wrong. Anyway, that 's my plan for tomorrow. See you then and good trading

Algokid :)

P.S. I know the chart is "busy" , sorry about that.
SciTrader PRO
4 years ago
Thanks Algo kid. Apple does seem to be pretty low pre-market - right now it is at 498.
Algokid PRO SciTrader
4 years ago
Yup, I'm looking at it right now . currently at 501. but it's too early. will see in an hour.
Algokid PRO
4 years ago
2 out 3 trades setup worked.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out