timwest

Apple Inc -AAPL -Daily - Post Earnings Quarterly Boxes

NASDAQ:AAPL   APPLE INC
682 5 12
Here is another way to look at AAPL             shares - starting from the point where earnings were reported. The green lines help you see where AAPL             reported earnings and is often a useful support and resistance level for up to a year afterward.

It looks as if AAPL             is off to a monster start with the latest earnings report - all the other times that AAPL             has rocketed out of the gate after earnings it has kept going about 20%-30%.

This makes a chart come alive for me: You see where the "start" of the quarter is from the perception of the traders and investors in the stock .

Cheers,

Tim 11:06AM EST Thursday 11/6/2014
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tompower
2 years ago
Tim,so you want me to buy it up here.
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timwest PRO tompower
2 years ago
Isn't that crazy? It seems like the insane thing to do - Every fiber in my body fights a purchase of the stock up here... but the pattern is as you can see... it tends to go up 20-25% if it runs 10% after earnings.... So, What is more comfortable for me is to wait for it to go up higher, then short it.
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timwest PRO
2 years ago
You can bet that people will be calling this a giant cup&handle pattern too.... for those who look a longer term charts...
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timwest PRO
2 years ago
Here are the 2 cup&handle formations....
snapshot
+1 Reply
Hey Tim, are you still long on AAPL?
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