AAPL Finally Looks To be Making a Move

AAPL is on the watchlist for a trade set-up, while I'd prefer to short AAPL in to strength, it has lagged over the last week and a half.

It looks like that lagging is about to end and it will finally make a move that can be used to set up a decent trade.

This is not my favorite long trade, but I suppose if you have the risk tolerance for it, there's some upside to be had.

 As was originally posted on April 2nd about triangle's like AAPL's on the daily chart, "They are the promise of a highly directional move", but AAPL since has been hardly anything close to "highly" directional, while the rest of the market has made the anticipated move over the last week and a half, it has been somewhat half-heartedly, which I've speculated may simply be because there's not enough institutional support left. You may remember the chart showing each move progressively getting weaker and pinching in to a tighter and tighter range that has caused short term traders a lot of trouble.

In AAPL's case any way, this 5 min chart with a leading positive divgerence looks like AAPL is finally going to deliver. There has simply been nothing to short in to with AAPL over the past week and a half, perhaps now.