Scott Mason-Founder www.Tradalyticslive.com Mr. Mason is the original creator of Tradalyticslive.com and currently overseas all business and product development for the firm as well as the design, implementation and creation of Trād•A•Ly•Tics individual products. Scott began his... More
AAPL is a very tough stock to day trade and with this 25 point channel trend it makes it even more difficult. As of the close Friday AAPL closed in the middle of the range and looks like it wants to go for the lower descending support near 310.00. A break below this support line could produce some distribution (selling pressure) on the stock down to its longer term horizontal support near 295.00. Im sure institutions will be very happy to buy this level after a 20% pullback from its High.
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AAPL - What to Do??? www.tradalytic.com 0 comments
25 point channel trend it makes it even more difficult.
As of the close Friday AAPL closed in the middle of the range
and looks like it wants to go for the lower descending support
near 310.00. A break below this support line could produce some
distribution (selling pressure) on the stock down to its longer
term horizontal support near 295.00. Im sure institutions will be
very happy to buy this level after a 20% pullback from its High.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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