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Last Update: 6.6.13
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Related Article(s)
Video Analysis “$AAPL Bottomed? Exploring Bullish Arguments”
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5.30.13 Thursday
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Entered Long Positions @ $447.25
Here are few thing I like about yesterday’s close
- Despite of huge bearish reversal candle (Tuesday), it didn’t have much of a follow through to the downside
- Today we slightly gapped up this morning diminishing the momentum from the bearish side
If we can have follow through by end of the day, we can completely nullify the bearish candle and make some bullish progress here.
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5.31.13 Friday
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Added Some More Long Positions @ $453.40
Here are the good and bad.
Good
- We moving away/higher from 100SMA
- Third day in this recent bullish run up
- Trading above Tuesday’s bearish reversal candle completely diminishing it’s potency
Bad
- Still bound and controlled by the rising rectangle pattern
- We’ve been having declining volume ever since the 16th. (concerning*)
- Volume is still a concern to me so I am mentioning it again. No volume No Trend!
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6.3.13 Monday
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Closed 25% of the Long Positions @ $443.63
I closed some positions when it dipped below $444 and it looked very bearish until about hour before close when bulls started to push hard. Here are several things I like about today’s price action.
- 50EMA possibly now working for the Bulls? (“Watch that 50!”)
- Closed above 50EMA (“Watch that 50!”)
- Recent uptrend support holding up so far
- Today’s dragonfly doji (with ok volume, still low in my opinion) possibly nullifies last Friday’s shooting star candle
- Possible bulls flag (last two days)
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6.6.13 Thursday
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All Closed Out (with loss) @ $439.88
50EMA couldn’t hold and tanked this morning. Looks to be it might come back down to about $430-$420 level before finding another support level.
