Monday, April 9, 2012

AAPL Apple Daily Chart Overbot Rising Wedge Negative Divergence

Keystone went in to short AAPL again today. The spank down shown by the blue lines was enjoyed on the last short trade. Keystone has been waiting for the next set up and today provided a nice entry for this current short set-up. The red lines now once again repeat the overbot conditions, rising wedge and negative divergence across all indicators, which will lead to a smack down. Any move up in price will simply provide further opportunity to short.

Watch to see if the RSI loses the 70% level, stochastics the 80% level, and/or the money flow to drop under the pink line; all will confirm the bearishness. AAPL received its first major downgrade today but bullish traders refuse to believe the news. The chart verifies the downgrade. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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2 comments:

  1. AnonymousApril 9, 2012 at 9:05 PM

    after years of searching the internet I have finally found a financial website that I believe is HONEST in its analysis and recomendations...THE KEYSTONE SPECULATOR...Thank you so much for all your hard work...dale

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  2. Keystone SpeculatorApril 10, 2012 at 5:32 AM

    Hello Dale, danke for the comment. As the world-wide readership sees here everyday, we do not care which way the market moves, or individual stocks, all that matters is being on the correct side of the trade.

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