Technical Trades
Technical Analysis applied to Stocks and Futures.

AAPL fuzzy count

Chart of AAPL-Jan19.gif

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AAPL has been clearly bullish of late, as the creators of Wallstrip remind me today. Check out all those Fuzzy C support areas. Price is drifting back towards one at 86.90 today, and bulls might feel inclinded to attemp a rally from that point. But I do note that bearish island reversal pattern up top, and this is not insignificant for me. I retain a bullish bias on AAPL, with a stop on that bias at $86.89. What would I be doing with a long position at this time? I’d be selling into the forthcoming ‘b’ up and then watch for a while…….see how price reacts to the upcoming red Fuzzy C.

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