Wednesday, July 6, 2011

AAPL

 AAPL daily just breaks a resistance level today

 There's a slight volume surge on this 60 min chart as AAPL breaks the resistance level and a pick up in volume when it breaks back below. This is an example of the type of action we want to see on a false breakout, although the volume and the break today weren't as strong as I'd like to see.

 AAPL 30 mn 3C chart goes negative on the break out today

The 1 min chart shows more detail.

It's this kind of action that we are looking for, although this s rather mild, we may still see a stronger move.

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