Jeff Pierce's  Instablog

Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Get Ready To Take A Bite Out Of Apple 0 comments
    Jan 24, 2013 6:12 PM | about stocks: AAPL

    By All About Trends

    AAPL is pulling back to a support level that may be the "Gimme" zone for a trade on the long side.

    (click to enlarge)

    See that blue line? It's a support ZONE and so is the 200-day average. When (and IF) we get there that's what it's going to take to get us to go long this issue. The flip side is? Any rally up to the red downtrend line and we consider short selling it. So there you have it, we just framed it for you -- It's all you need to know from here.

    To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

    Stocks: AAPL
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