Apple IncLong
AAPL continues bull trend with gap up
The last two bars for AAPL have been bullish and on increasing volume. Yesterday's bar even gapped up slightly.
I last looked at this stock in mid-November 2014 after price had comfortably cleared the 2012 high and 100 figure. A buy in November would have been quite frustrating as initially the trade would have gone into profit but subsequently been stopped out as price fell below the daily 50ma. An inverted head and shoulders pattern formed and price has since continued its upward trend.
AAPL is a popular brand and often in the news due to its jockeying position as largest company by market cap. But trend trading it is not so simple - it is not a neat and linear trend. If you like to trade with pretty wide stops for the long term there is no current reason to suppose the bull trend will end any time soon. Otherwise, I'd look for something a bit more straightforward.
I last looked at this stock in mid-November 2014 after price had comfortably cleared the 2012 high and 100 figure. A buy in November would have been quite frustrating as initially the trade would have gone into profit but subsequently been stopped out as price fell below the daily 50ma. An inverted head and shoulders pattern formed and price has since continued its upward trend.
AAPL is a popular brand and often in the news due to its jockeying position as largest company by market cap. But trend trading it is not so simple - it is not a neat and linear trend. If you like to trade with pretty wide stops for the long term there is no current reason to suppose the bull trend will end any time soon. Otherwise, I'd look for something a bit more straightforward.
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