APO: Completed Wave 4 and exploded on wave 5. APO has a habit ofRiding the upper BB to higher prices.
APO1 trade ideas
longWhy I like this stock:
The stock bounced at the 10 EMA.
The candle did a nice indecision candle and an indecision candle after a little retracement is great for a bounce on the upside.
The stock has been in a great upside move for months so when you see a big move on the upside and then a retracement, there is great chance that the stock will continue higher . The market move up , pause , then continue his prior move so this is what im expecting with this stock because the stock market always move in cycles.
So the fact that the stock bounce on the 10EMA, that the candle was bullish after a down move and that the stock is very strong on the upside since a year are reasons why i think this stock will go higher.
Divergence + Reversal Engulfing + Bullish Gap on Daily + >50EMALooks like APO gapped up today after a bullish divergence helped identify a bottom. This also looks like a bottom because of the star reversal pattern and the bullish engulfing of that spiking candle. The stock also closed above the 50ema on the hourly chart which is a good indication of a bullish move ahead.
This is the setup:
Trigger: 22.37
Stop: 21.96
Target: 23.60
RR-3:1
APO - double bottom / divergence in two channelsalso of interest is that a double bottom w/ divergence also occurring on hourly chart.
| Pivot L/H : 23.52
| ATR : 0.6
| Stock : APO
| Days to Earnings : -70
Fundamentals | Approximately,EPS Due Date : 11/5/2014
IBD | EPS Rating : 15
IBD | SMR Rating : B
Technicals | Horizontal S&R : 0
1=ok daily .6=ok 60m 0=no n/a=waiting | Channel S&R : 1.6
| MA S&R 20MA=.2 50MA=.5 200MA=1 : 0
| Pearsons R >87 : 1
| Price within Fib Ret..62 : 0.5
T1 Osc -1.38 | T2 Osc divergence : 1.6
T1 Fbar Stoch turn / crossover >= 80% | T2 Price @ MOB or Fib Ext >1.38<1.62 : 0.6
Stoch have not yet crossed 50 | T2 Stoch divergence / no Fbar : 1
| XLT : red
| Group Leaders / Industry XLT : grey
| Group Leaders / Industry : bx + ozm + ivz
| L / S / Strategy / Time Frame : b t2 d
| Symbol : APO
| Trade Rating : 61%
| NOTES : Good on hr and daily, but eps bad. Thus will do very small size.
| Whale wisdom .com : 39.24%
