brianweber

Time to go long on AAPL

Panjang
brianweber Telah dikemas kini   
NASDAQ:AAPL   Apple
We are at the bottom of the upward trendline. I like the lower wick on Friday's candle signifying that there was a lot of buyers coming in at this level.

I would like to see a close above the 50 day EMA on the daily time frame, ~$172.50, before going long. Worst case scenario we bounce off the 100 day SMA on daily time frame, which would be an amazing buying location.


Considering a far OTM BPS over earnings as well.
Komen:
We just about bounced off the 100 day sma on the daily time frame. If this price level doesn't hold, look for a buy again off the next support, which is around $164ish.

Market looks to being pulling back....finally.
Komen:
Looks like earnings was a flop even though AAPL's earnings were positive. Overall market is pulling back.

Look for an entry off the 200 day SMA around $159.5, or support at $155 if that doesn't hold.

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