AAPL a potential Bear flag?

    Posted by rbreese on 5th of Jan 2013 at 06:55 pm

    Take a look at the daily chart . Remember long term support is around 475/480 and would be a good buy according to Matt and I agree.

    I don't see a bear

    Posted by frtaylor on 6th of Jan 2013 at 03:42 pm

    I don't see a bear flag (but I do see one on the 60 min chart, the last 5 hrs).   I see a breakout on 12/31/12 from a downtrend.  The next day (1/2/13) it opened very near the 50dma and turned back down but so far has held the low of 12/27/12.  Note that although the selling was pretty sharp on Friday it stopped at the 20dma.  Dan Fitzpatrick is looking for a higher low imminently, and he will be going long.  Perhaps we get an up candle closing above the 20.  If the volume is decent it might be worth a long.  Stop then would be below the higher low that would form (either of last Friday or the coming days).  

    The Bollinger bands are just beginning to pinch together, so a move in one or the other direction is coming.

    Sorry yes it is clear

    Posted by rbreese on 6th of Jan 2013 at 03:56 pm

    Sorry yes it is clear on the HOURLY my mistake.

    Yeah, I kind of figured

    Posted by frtaylor on 6th of Jan 2013 at 03:57 pm

    Yeah, I kind of figured that's what you meant!

    right shoulder

    Posted by roger on 6th of Jan 2013 at 06:14 pm

    AAPL

    Posted by roger on 5th of Jan 2013 at 07:09 pm

    15/30 min working on a h/s?    neg div. in place

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