It started 2014 year as laggard and was trending lower in bear channel. But then it bounced off of 200 EMA with RedDogReversal, regrouped and have built higher highs. Finally, sentiment changed when it resolved this indecision area with break up of resistance at $88.60 with nice 4 days follow through. Traders should adapt and make adjustments if they want to...
Ive been watching apple for a while, and we are in no doubt a corrective phase in the long term. The "corrective waves" down after the all time high suggest we are looking at a possible corrective flat. It would also make a good double top in traders minds, which would bring matching sharp C wave DOWN to the 400 area again. Lets see how it plays out
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind. Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big...