Since it looks like HYG is loosing support, it seems some of the heavies are being brought to bare for the moment. AAPL looks poised to potentially be one of those, it has the weight.
AAPL 1 min intraday with an in line trend until this morning, slightly leading positive, not screaming.
however, if you were a very speculative player, I suppose you could have a stop placed just below intraday lows and have pretty tight risk management.
The AAPL 2 min chart, also largely in line recently until this morning.
The 3 min chart also similarly in line, it looks like some stops were hit on a break below the 22nd, perhaps some short sellers. It looks to me that those shares were snapped up, although not a lot, perhaps enough.
And AAPL's 10 min chart which is why I would call any long trade here a very short term and very speculative trade. At least there's fairly tight risk management although I wouldn't put a stop in on the books personally and wouldn't put it at too obvious a place.
For me this is too speculative, but it's on the radar for either a spec long if conditions improve, and of course a downside candidate if it dares make that upside move. Just another I thought you might put on the radar.
No comments:
Post a Comment