AAPL - Chart Link - noted the second doji
yesterday off support, I know a few of you took a shot there, at
least for now price is holding up decent considering the weakness
today in the general market. On the 5 min I'm monitoring a
potential pennant
The strength in AAPL today has been really impressive with good
vol, about 30% better than average daily for this time of day. It's
almost single-handedly pulling the market back up right now. The
only other big cap that is seriously green is PFE.
remember on AAPL first target area on the RVM is the 5 EMA, the
9 EMA is a good target always but you don't always make it so I
like to peel some off at the 5 EMA. I did take some off intra
day though, been a nice trade for sure
AAPL comments
Posted by matt on 3rd of May 2016 at 11:03 am
AAPL - Chart Link - noted the second doji yesterday off support, I know a few of you took a shot there, at least for now price is holding up decent considering the weakness today in the general market. On the 5 min I'm monitoring a potential pennant
AAPL - Chart Link - daily,
Posted by matt on 3rd of May 2016 at 01:01 pm
AAPL - Chart Link - daily, note the 5 EMA and the 9 EMA, reversion to mean bounce trade
AAPL - Chart Link - here's the 5 min chart, remember earlier I mentioned the bull pennant on the 5 min chart, well you can see how it played out
The strength in AAPL today
Posted by puma on 3rd of May 2016 at 01:26 pm
The strength in AAPL today has been really impressive with good vol, about 30% better than average daily for this time of day. It's almost single-handedly pulling the market back up right now. The only other big cap that is seriously green is PFE.
remember on AAPL first target
Posted by matt on 3rd of May 2016 at 02:10 pm
remember on AAPL first target area on the RVM is the 5 EMA, the 9 EMA is a good target always but you don't always make it so I like to peel some off at the 5 EMA. I did take some off intra day though, been a nice trade for sure
RVM???
Posted by peterwelsh on 3rd of May 2016 at 05:29 pm
RVM???
reversion to mean
Posted by matt on 3rd of May 2016 at 05:42 pm
reversion to mean
Now it makes sense. Thanks
Posted by peterwelsh on 3rd of May 2016 at 05:48 pm
Now it makes sense. Thanks Matt!
CVS strong day too
Posted by jdaswani on 3rd of May 2016 at 01:32 pm
CVS strong day too