I want to use this post to insult anyone who may disagree with a LONG call on aapl over the next two days. Specifically, because you aren't disagreeing with a fanboy, an ideology, our current economy, stock splits, hype, euphoria on this one... you're disagreeing with 16 of the 17 widely used and adopted moving average indicators.
Backing that "instinct feeling" that now is the time to sell is a total of 1 oscillator and 1 moving average indicator of 23+ indicators. (Weekly is overwhelmingly a buy as well.)
So let's assume the indicators/moving average techniques are off the table and trash and you prefer to draw lines.... great; staring us dead in the face is an ascending triangle.
I'm not saying anyone has to "agree" with these points...the market has already spoken. I'm more saying this is an opportunity to learn a very very rudimentary lesson.
If the last 40% hike left you feeling that the last few inches to the finish line aren't worth being a part of because it's a sucker's rally or because there's a better opportunity, great. But those are the only two excuses.
If there's a more glaringly obvious move positon to swing for the next two days instead of this, please send pass along.
Backing that "instinct feeling" that now is the time to sell is a total of 1 oscillator and 1 moving average indicator of 23+ indicators. (Weekly is overwhelmingly a buy as well.)
So let's assume the indicators/moving average techniques are off the table and trash and you prefer to draw lines.... great; staring us dead in the face is an ascending triangle.
I'm not saying anyone has to "agree" with these points...the market has already spoken. I'm more saying this is an opportunity to learn a very very rudimentary lesson.
If the last 40% hike left you feeling that the last few inches to the finish line aren't worth being a part of because it's a sucker's rally or because there's a better opportunity, great. But those are the only two excuses.
If there's a more glaringly obvious move positon to swing for the next two days instead of this, please send pass along.
Comment:
www.tradingview.com/...DAQ-AAPL/technicals/