Stock Trading Predictions & Technical Analysis: AAPL

Thursday, September 17, 2009

AAPL - Breakout

AAPL - BUY

I have taken a long position with AAPL today, after seeing a breakout yesterday and seeing the price move higher today. AAPL has been a strong uptrend for a while, which had recently slowed down, until yesterday where we got a breakout, which I consider a BUY signal. AAPL a slow but steady moving stock in a strong uptrend.

Long AAPL @ $184.24 - Stop Loss @ $172.51

6 comments:

leonidasSeptember 17, 2009 at 3:34 PM
So what stocks do you have at the moment? AAPL, BAC and AUY?
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YoelSeptember 17, 2009 at 4:25 PM
That's right I'm long these 3 stocks.
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DBSeptember 17, 2009 at 7:56 PM
Yoel, I am a small trader/investor, stocks like APPL, GOOG seem to be too high price wise, do you have any particular suggestion on how one could go about trading these?

Thanks,
DP
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YoelSeptember 17, 2009 at 8:44 PM
When you look at the price of a stock you should never think that cheaper priced stocks have more potential to go higher or are simply cheaper. For example if you decided to invest $5000 in a stock, it doesn't matter if the stock's price is $5.00 or $500.00 a share. You will simply have less shares, but everything is all relative. High priced stocks, usually mean that these are stronger and more stable companies, usually less volatile. When you buy a stock worth $5.00, you are closer to $0.00 than the stock that is priced $500.00. High prices represent higher quality. That's why I've made it a rule for myself never to buy stocks worth less than $5.00.
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Hector Calvo SalvadoSeptember 21, 2009 at 4:46 PM
AAPL's Target price ??, please...
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YoelSeptember 21, 2009 at 5:24 PM
It's very hard to give ugh and AAPL a price target for now as it is near its highs, and we are awaiting to see if it will break through and continue higher. AAPL's uptrend has recently accelerated since my BUY signal,and is trading in a narrower but still up trending channel. For the moment AAPL is a HOLD, as long as it continues to trade up within this channel. A break below $177-$176 would be a SELL signal, as the gap created last week would get filled.
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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.