AAPL (Apple, not Orange)

Some fundamental facts to go with the technicals.
The juicy gap at $425 which I had mentioned last year looks tempting! I don't think it will get there though, unless the $525 really doesn't get held.

investorplace.com/2012/11/buy-apple-stock-now/

Gee

Thanks Remo....

hourly just in case is attached. I wished i wasnt at work - the hourly chart could have been a good tip off lol

dl.dropbox.com/u/4385922/AAPl%20hourly.png

This has produced a lovely hammer as waverider has pointed out.
Its actually formed at the perfect place on the back of 2 supports pushing this back up.
The main trend in apple is still intact as its currently around the $450 mark.
The move down has been $200 and thats no small move ether .So there is a good chance this will bounce from these levels .Stops will have to be below the hammer.
Best entry will be the $518 mark with stops below $505
The normal buy signal comes when the price breaks out above the hammer but the risk is more due to the size of hammers. Ive noticed a lot of the time prices reverse half way down a hammer before moving higher. Just a personal observation. So i have adapted my trading to incorporate this.

DYOR
remo

There is a nice green hammer as I type. The hammer was formed at a very interesting popular support of about 52000!!!

Any thoughts?

Remo's tip about going long when the following daily candle goes half way down to today's candle may prove a good tip. Today could be a catalyst for a change in trend of biblical proportion lol

I think apple has broken horizontal support at 528.69.

dl.dropbox.com/u/21384991/Apple%20Inc%20%28DFB%29.png

Close up. There is a gap at 476.65 - 480.88. Then the trendline at 451.60

dl.dropbox.com/u/21384991/Apple%20Inc%202%20%28DFB%29.png

Is anybody else watching this?