Friday, October 19, 2012

AAPL- Stop Hunt

Take a look at the AAPL charts, that support level that held for 8 days was just barely pierced this morning...

 Here it is on a daily chart

 And on a 5 min chart, volume jumped up on the break of that support level, looks like stop hunting and if they are picking up supply on the cheap, perhaps they are getting ready to finish the shakeout move.

 AAPL 1 min intraday not confirming downside

And the 3 min making it look very much like AAPL is getting ready to make that shakeout move higher soon.

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