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Received a buy signal (from a homemade system) on AAPL on Friday at the end of trading on the daily chart for the first time since last September. Willing to accept 400 may stall the decline for a while.
I too recieved a buy signal on AAPL today using the turtles method! Looking promising again for the first time since 650$$$. Made good money shorting its fall.
No master of gap trading by any means and no real idea how to read volume (especially volume spread analysis), but like many looking forward to seeing how AAPL weathers the zone between 465 and 485.
my chart says AAPL may ease up then bounce back up off the most recent "balance levels" somewhere between $425 - $440.. it looks the same on both daily and the weekly.. so that's encouraging.
strength from buying volume accumulating and already on positive side..
let's see how good my new "Strength Indicator" is
RedK
- disclaimer, I don't trade AAPL (for now) .. we're not on good terms since our last interaction.
AAPL action unfolding vs the chart from prior post...
(only rounded the price levels for simplicity) .. the square highlights the time window we're monitoring on both the weekly and daily charts.
now if we can get support during next couple days around the $430-440 area (437 is my magic number) and push up, then give an up signal on the daily ribbon (the weekly has already triggered), then we're ready to challenge the tough $460 level .. hard to tell where action would go from there..
K
disclaimer: i'm a casual trader, not a pro.. my readings could be completely off... pls pls approach this only as mutual learning !!.