Monday, January 7, 2013

AAPL charts and comments

Here's three charts of AAPL, the first two show long term uptrend lines below that come in around the upper $400's around $475 etc.  Gosh, I would love to see another pullback in AAPL to test or get close to those trendline, I think it would present a buying opportunity at least for a trade, plus a tight stop could be employed just below the uptrend line.  Trading is all about taking trades with good risk/reward and buying AAPL nearing those trendlines with a tight stop would meet that criteria. 

the third chart is a daily chart, shows a downtrend channel

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