Edited by hiker, 14 February 2006 - 03:16 PM.
aapl
Started by
hiker
, Feb 14 2006 03:08 PM
8 replies to this topic
#1
Posted 14 February 2006 - 03:08 PM
test of downtrend line on the daily....a trader can either sell the test or wait for a potential breakout above.
20 ema and 50 sma on the daily remain above.
daily PSAR sell value is 68.12
high of day is 68.10
20 ema on the 5-minute has represented support for most of the day...another strategy for making selling decision is wait for the 20 ema to break on the 5, 15, 30 or 60-min.
#2
Posted 16 February 2006 - 11:10 AM
Jan low at 70.87 ...and the 20 day ema is nearby at $70.81.
#3
Posted 16 February 2006 - 11:34 AM
upside break yesterday of the downtrend line from the mid-Jan high has held so far...will a snap back to the dt line occur? Will AAPL close above the 20 day ema for the first time since mid Jan? bearish 5 vs. 21 day ema crossover has been in play for a while.
#4
Posted 16 February 2006 - 12:18 PM
today's hod about 20 cents below the 50 ema
#5
Posted 16 February 2006 - 12:26 PM
today's hod about 20 cents below the 50 ema
Hi there hiker, my play is goog. I bought after Barrons' nasty article came out. I love those guys (Barrons I mean ).
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#6
Posted 16 February 2006 - 12:58 PM
G - you playing options or the stock?
I am an unbeliever that GOOG will sustain this bounce for long....does not mean I am correct.
Yesterday it tested the 200 MA which coincided with gap support, so a bounce makes sense with the action in the overall market.
http://stockcharts.com/gallery/?goog
yes, I see the move above one of the downtrend lines on the daily chart....question is can it overcome the overhead supply at the current price level and higher? Do odds favor a retest of the gap support or a move above today's highs?
I am an unbeliever that GOOG will sustain this bounce for long....does not mean I am correct.
Yesterday it tested the 200 MA which coincided with gap support, so a bounce makes sense with the action in the overall market.
http://stockcharts.com/gallery/?goog
yes, I see the move above one of the downtrend lines on the daily chart....question is can it overcome the overhead supply at the current price level and higher? Do odds favor a retest of the gap support or a move above today's highs?
#7
Posted 16 February 2006 - 01:13 PM
Hiker, I bought goog stock. I donno how it will travel from here - it all depends on the general market. ISE sentiment was very low yesterday and day b4, and so it made sense to expect a bounce today. Now that ISE climbed very quickly to 200 range, I don't know how long the bounce is gonna last. There was lot of negativity built into google though. So, I am holding with a tight stop.
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#8
Posted 16 February 2006 - 01:28 PM
goog - first move below the 20 ema on the 5-min since 10:45
#9
Posted 16 February 2006 - 04:20 PM
Greenie - your GOOG long was smokin' into the close....happy for you!