Search This Blog

Monday, December 15, 2014

Charts $aapl

Getting pretty oversold on the daily. Usually suggest a pop is in the works.

Supporting the thesis, the long-term trend line is around 104-105.

Looking to play the pop, but also expecting some action around the trend line. Worst case, aapl breaches the line, and weakness-as-equivalent-as-strength is seen. Meaning a 14% move below the line. Does this thesis make any fundamental sense? Absolutely not. (Since when do hopeful expectations of a pattern make sense?!?)

No comments:

Post a Comment