Stock Market Technical Analysis Blog
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Taking a look at the case for AAPL turning back up here:
- Chart 1: APPL's favorite EMA pair had the smaller red moving average flatten out ready to lift Friday.
- Chart 2: APPL's midterm channel is holding at the lower line.
- Chart 3: APPL's thirty minute bar chart shows aggressive buying in the on-balance-volume readings since the Wednesday morning smackdown from their negative news. Accurately measured, there has been a 50 million share buy side imbalance over the past three days.
- Chart 4: APPL's 120 minute bar chart, the market maker algorithm favored time view for producing price patterns has a clearly visible symmetric triangle ready to start a pronounced move.
Trade well my friends