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AAPL...potential double-bottom on 1-minute intraday during lunch, as

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FinancialAdvisor   Monday, 07/15/13 12:58:02 PM
Re: FinancialAdvisor post# 25921
Post # of 25964 
AAPL...potential double-bottom on 1-minute intraday during lunch, as it hit as low as 428.38 again... the volume is dead. The mornings' run from the initial low of 424.88 to as high as 431.46, and the pullback at lunch as low as 428.37 appears to be very orderly. The resistance is big though at that 431.46 mark as that is pretty much a major 61.8% Fibonacci retracement mark, and just above it also lies the 50 day MA. The volume right now is probably as dead as it has been all day. If we're using the same slow stochastic (10,10) on the 5-minute as was creating buy and sell signals on the 1-minute intraday then we're looking at a buy signal being confirmed by the candlestick here at 429.02.


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