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

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