Chart Setup of the Day: Apple

By Oct 9, 2012, 1:17 PM Author's Blog  

Apple Inc. (NASDAQ:AAPL) continued to flush in early trading on Tuesday. However, this was a great buying opportunity. For those that recognized the master gap fill level at $623-$624, profits were on their way. Apple flushed to $623.55 on an intra day basis. Then, just before 11AM ET, the stock made a beautiful bottoming tail on the 10 minute chart. If you had not seen the gap fill level, this was another obvious buy signal. Since Apple hit a low of $623.55, it has rallied all the way back to $637.00. An amazing reversal for an amazing stock. The profits were their for anyone who knows how to read the charts. Did you?

Chart Setup of the Day: Apple

  • SHARE:
  • Share on StockTwits


SPY207.24  chart+0.13  chart +0.06%
GOOG540.015  chart-1.065  chart -0.20%
AAPL118.29  chart+0.69  chart +0.59%
TSLA248.0875  chart-0.0025  chart -0.00%
BBRY10.36  chart0.00  chart +0.00%
NFLX351.87  chart+2.88  chart +0.83%
FB76.1465  chart+0.5165  chart +0.68%

Nikkei17383.58  chart-24.039  chart -0.14%
Shanghai2604.345  chart+36.748  chart +0.00%
UK6723.59  chart-7.55  chart -0.11%
France4376.85  chart-5.46  chart -0.12%
Germany9905.25  chart+44.04  chart +0.45%