Last Update: 3.28.13
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02.12.13 – “Why I Entered Bearish Today on $AAPL”
03.27.13 – “Why I Entered Bearish Today on $AAPL (Part 2)”
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3.27.13 Wednesday
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(Video Added 3.28.13 – Watch it on 720p HD)
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Today At Market Open
“Watch That Gap!” I entered bearish at open @ $456.57
Last Night Analysis 1
“Watch That 50! (ema)”
Last Night Analysis 2 (65mins Chart)
“Watch That Bearish Divergence!”
Tonight’s Analysis 1
“Watch That 10/20EMAs!”
When $AAPL closes below 10(blue) and 20 (green) EMAs, intermediate downtrend starts as you can see in this chart (See arrows). Today we are finding some support at this level. This level is VERY critical next few days for the life of $AAPL for the next few weeks. In the event that we break below this level, I believe we are headed to $420 and possibly break that level this time.
Tonight’s Analysis 2
“Watch That Lower Highs!”
Continue to make lower lows and lower highs. Current lower high is not confirmed as we are still trading above 10/20EMAs and current support of $450. We break below $450 and 10/20EMAs next two days, we are putting in another lower high. I believe this time around, bears are going to try to break $420 support. As you can see once it falls from the lower high level, it breaks the most recent lower low level and creates another lower lows.
Tonight’s Analysis 3 (Weekly Chart)
“Watch That 10EMA & Flags!”
Obviously the weekly candle is not finalized as today is only Wednesday. It’s imperative to see where it closes by end of this Friday to see 10EMA is still acting as resistance and if the flag is continuing to play out.
Tonights Analysis 4
“Watch That Stoch While 50 Runs By!”
Stoch is starting to cross while 50EMA is running by. Another bearish run tomorrow could cause this stock to come back down to $450 within few weeks and possibly even break that support level for bears to create another lower low.
Concerning Matter for Bears
Despite of the gap down action today, we have significantly low volume today. If we don’t get some selling pressure volume tomorrow, it might come back up to test that gap level as new resistance and possibly form mini H&S pattern.
Three Black Crows & 50 Teaming Up
(Chart added 3.28.13)
6 thoughts on “$AAPL “Watch That 50! (EMA)””
Saw your video Kay. It was great! I love the fact that you show BOTH
sides of the story instead of most people who are one sided and get
burned when the trade doesn’t go their way. I especially liked all your
comments at the end. I do the same analysis and post on some boards and i get haters thinking i hate apple. OMG, I’m just trying to help them out! These are also the people who lose money and get mad.
Great job on the video, now I know what you mean by the “weekly chart”
by seeing it. How far out do you buy your options? Thanks for you help.
Zex_M19 30-60days out
Hi Kay, nice video and great analysis as always. Recently, I didn’t trade much at all. I am doing some trader psychology conditioning by myself. My biggest problem is I tend to hang on losing trades for too long and chase trade sometimes. When I have my trading plan I disregard it. I need to build a solid discipline. If I do that I can do much better.
You have a happy Easter!
TraderEllen Ellen, ive taught you how to place stops and to always trade with stops that would help with hanging on losing trades. But im glad to hear that you are finding out some problems in your trading so you can advance. I wanna see you at the webinar so we can go over that kind of stuff on a weekly basis.
2kaykim TraderEllen Kay, I will get on your webinar soon. You have a wonderful weekend!
Kay, Apple testing that 50 today with some good volume. Waiting to see if it CLOSES above that. Last time it tried, it was well above the 50 but came down at end of day and failed to close above it. Today we see more volume than last attempt.