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APPL

Apple Reversal Bounce on Daily Trendline and Oversold DailyI am looking for Apple to one again bounce off of the main channel line and 50 MA. It is a high probability set up on the hourly as well. We are currently over sold on the stochastic and are rotating nicely back up. We are also over sold on the RSI. We are currently in the buy zone and looking for us to move up again to the 128 area. This area has a big volume profile (Meaning a lot of trades and trading time has been done here. This means this area will be a chop zone and represent an area of resistance) I would like a stop be set in with a failure on the hourly rotation. If the market breakdown the chart can break down. But as long as the chart is intact. This looks like a good set up. I am cautious that things can breakdown but if we dont this should work out well.
NASDAQ:AAPLLong
by MaddogKagan
Buy the rumor & sell the news.Apple trend reversal signals are extremely strong now after the "buy the rumor & sell the news" today. It might very well close below EMA 50 today, and that includes rejection of the all time high made back in 2012 fall. If that does confirm, we are looking at correction down to 59~79 area which is a 40% correction (max). Next week's movement is critical here, and given Apple's market cap it'll affect S&P500 a lot from this downtrend! This also comes at a time when gold is at a make it or break it moment (20% uptrend within next few months or a big correction downwards) With the toppish & bubblish market, anything can burst it even if its a bullish news. P.S: (sorry for the party popper, & enjoy your new iPhone :) )
NASDAQ:AAPLShort
by LastBattle
2