Stock Trading Predictions & Technical Analysis: AAPL

Wednesday, October 28, 2009

AAPL - WAIT

AAPL - WAIT/SELL CONFIRMED

(AAPL did confirm the SELL SIGNAL when it went below $195.00, however since it continued as low as $191.00, we now have a WAIT signal where we could possibly see AAPL bounce back up)

Believe it or not, for the first time since the month of June, AAPL had a fourth straight down session. My stop loss was trigerred around $195.00 where I took my gain of approximatelly 5.00%, when I had 10.00%. I think comparitively to TIVO sacrificing not more than 5.00% of my gain is reasonable enough. In fact AAPL did then go as low as $191.10. At this point AAPL's major uptrend is still intact. I expect to see AAPL bounce back from around current levels along with the market if it does indeed bounce back up too. AAPL could still go as low as $182 before any support at its 50 day MA, assuming it continues lower than the current level. Although if AAPL does move any lower, it will break its accellerated uptrend that had been intact since mid-July. Any moves toward its 50 day MA will be the first time since early July. However, as long as AAPL is over its 50 day MA, the major uptrend will be intact, and any bounces back up will simply be buying opportunnities.

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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.