IvanLabrie

AAPL: Santa Rally or major fade at resistance?

NASDAQ:AAPL   APPLE INC
AAPL             has traced a very impressive rally after the bearish setup we had in the weekly failed miserably.
The current explosion sits right below the 253 period moving average, and also very near to a strong cluster of resistance where we have low volume resistance and the 200 period MA, which many people watch.
If it flies past these levels, I'd expect it to hit my target on time or ahead of it.
The timing for rally looks right to me, and might be a terrific fade once we arrive at destination.
It's interesting to note that the current decline stopped dead at the 4th quarter of 2014's low.
Keep close watch of the price action around the aforementioned resistance, I'll update the chart regularly.

If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.

Cheers,

Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Komen: ...Major fade at resistance.
Komen: Heading back down below the previous resistance?
Komen: Not bad...
I think this is a perfect spot over $122 to enter. I'm still waiting to pull the trigger to short. I'm looking for some relative weakness and loss of momentum too.
+1 Balas
I like these make or break situations we're having lately. Pretty clear once fundamentals are out.
Balas
110$ was a support zone I monitored yesterday and now once it held, there's a chance we will see 120$ again before the next bearish move (bearish Gartley completion near 120$)
Balas
This AAPL is a lot like INTC too.
+1 Balas
Slanted IHS...Yes.
I think it might cross the resistance, trend signal is there.
Balas
Excellent call = 120 is a huge level of supply. Very well done.
+1 Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Pengimbas Saham Pengimbas Forex Pengimbas Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar