Seeking Alpha
  • OneLongTrade
    AAPL perfectly hit resistance on its downward curving 20 SMA and is pulling back from HOD. Matches up with my belief of a market downturn.
    7/30/12
    Reply (10)
    • OneLongTrade: Lots of red today hidden in this green open. CRM giving back more than half of Friday's gains already, AMZN huge reversal this AM-OLD. Be wary.
      7/30/12
    • evannever: Nice call, again.
      7/30/12
    • Welt: 100 DMA more important to AAPL right now. Check the charts, it's obvious.
      7/30/12
    • Welt: Today AAPL gapped above the 100 DMA, sold off a bit to test the 100 DMA, then surged hard 12 pts...bullish.
      7/30/12
    • OneLongTrade: I'll concede that the 100 DMA is more important right now, but whether or not this action is bullish remains to be seen.
      7/30/12
    • OneLongTrade: Stock's been making lower highs since that reversal on July 10th, so until it retakes the high from 2 weeks ago, the downtrend remains.
      7/30/12
    • Welt: AAPL is going to breakout of the 20 or 100 DMA soon. Could go either way.
      7/30/12
    • OneLongTrade: Yep, that's true. I'm not bearish AAPL per se, just bearish the overall market at this point and I think AAPL succumbs to that as well.
      7/30/12
    • Welt: Been making higher lows since May 18 also...could look at it either way.
      7/30/12
    • evannever: TA FIGHT FIGHT FIGHT!
      7/30/12