Friday, April 11, 2014

AAPL Interesting

There are several charts for AAPL (long) that look interesting, I would not enter more than a partial equity position at the moment as there's a bearish triangle that could be used for a stop-run/head fake move and that's where I'd really want to enter or enter options/calls.


Here's that triangle I mentioned, a perfect head fake set up with a downside break, creating a bear trap.

 The 1 min chart during the triangle gives us good reason to believe any downside break would be a head fake move.

 3 min AAPL

 3 min intraday

5 min leading positive

10 min leading positive...

I think I'll enter a 1/2 size trading position (equity LONG) and wait on the other half or possible option/calls.

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