Thursday, October 25, 2012

AAPL Update

AAPL is near the same position as the market averages were before they broke that support level (where we look for the head fake move as 80+% of reversals in every time frame see a head fake move as the last move before the reversal). I suppose technically AAPL did break the support level, but only by a hair and volume wasn't impressive.

Here are the AAPL charts
 AAPL daily

 This price pattern surely will be seen by traders as a descending triangle which is a bearish consolidation/continuation pattern, I would think AAPL has to break below that support level before it can reverse.

 Since capturing this chart, AAPL has moved just below the level, it hasn't triggered any significant volume yet though.

 AAPL 30 min since the last decline and the range with a leading positive in the range and a large relative positive before it.

 10 min leading negative at the last top we saw last week, positive at the lows and leading positive currently.

 1 min intraday was negative on the open, however it is leading positive and this is after the support level was broken.

 3 min AAPL

 3 min AAPL trend

5 min AAPL trend from negative at last week's top to positive in this week's range and leading positive now.

No comments: