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George Kesarios
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have been a professional investor for over 20 years and during the past several years an economics analyst and financial writer for capital.gr, the biggest economic news portal in Greece. For the most part I only look at stocks that have the possibility to double over a twelve month period and... More
My company:
Acropol Publications LLC
My blog:
Market-talk
  • Apple Technical Picture – Buy 2 comments
    Jan 1, 2013 5:21 AM | about stocks: AAPL

    I have told you many times to sell APPL at the $700 mark. I have also told you that this is a swing trade stock and not a buy and hold stock. Lastly, I have also told you many times (see my APLE logic here) that it would be a buy at $500. As such and an a technical note, we now have confirmed technical strength for the stock.

    My hunch is that we will see resistance around $600 when we approach the 200 day moving average. That's about a 15% return from these levels. If and when we reach $600 I will evaluate the technical situation again, but for now, the stock is a buy.

    (click to enlarge)

    Stocks: AAPL
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This post has 2 comments:

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  •  
    George, what do you see as driver for AAPL to go up?
    2 Jan, 12:56 PM Reply Like
  •  
    Valuation and nothing else. Like I have said, this is not a buy and hold stock but a swing trade stock.
    2 Jan, 12:58 PM Reply Like
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