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


SPY197.86  chart+0.32  chart +0.16%
GOOG579.58  chart+3.22  chart +0.56%
AAPL101.31  chart+1.20  chart +1.20%
TSLA247.06  chart+1.80  chart +0.73%
BBRY10.28  chart+0.05  chart +0.49%
NFLX454.23  chart+4.67  chart +1.04%
FB79.432  chart+0.432  chart +0.55%

Nikkei16173.52  chart-137.12  chart -0.84%
Shanghai2363.87  chart+6.159  chart +0.00%
UK6624.18  chart-22.42  chart -0.34%
France4403.20  chart+45.13  chart +1.04%
Germany9445.42  chart+22.51  chart +0.24%