The RSI is making lower highs, we have 2 supports one at 133.47$ is a safe and good entry point if the volume pick-up.
the second support is at 123.45$ and at that price we need to be careful and let the market lead the type of trade we will make. The DMI is loosing strength and if the MACD histogram goes negative this stock will go down.
strategy putting my stop lose at 150.00$ if the volume do not pick up I will be out at 150.00$ if the volume pick-up i Still running with the only think i can control is my strategy the market is always right I'M DANCING WITH THE MARKET.
I still neutral in AAPL, because we have divergency RSI>50 long signal, MACD Histo. in the - area= short signal. Because I'm a swing Trader I'm looking to get convergency long sinal from MACD and price>EMA9
We got the long signal in the daily chart but not in In the Weekly chart, This is not a long call at this moment. A long call will be generated only if RSI > 50 and MACD > 0 and MACD Histograme is + and Price >WMA30 and there is no long signal from DMI.
I but 300 shares on 23 of July 2003, with out having the confirmation on the weekly chart now I'm bringing up my stop lost at 19.00 because I make a mistake know I need to protect my capital. If the market do not move this stock up I'll lose some money and pay the price of my mistake,
Look like positive earnings are not giving enough gas to APPL to jump more than 6% gap. I still neutral in APPL and i will
follow the after earnings developments. How makes the trend? the market and if the trend is my friend i will follow this stock really close
At this point APPL is not a buy or a short for me. I'm neutral look like still making a triangle we I'm looking for a break out to see if there is a down continuation or a Long trading let the market talks.
The trend is my friend the weekly chart is calling for a long trade at this point, I don"t have any position, I will buy 300 shares with an stop at 14.35$ but this action need to be confirmed in to a daily chart. Let go for it.
The Capital preservation is the key, I sold today 50% of my position at $6.20 to protect my initial investment.
I still long with the other 50% this is my capital gain in order to protect it my stop lost is at $5.80. Let see what the market will do from this point.