cactiman
Registered: Dec 2011
Posts: 962 |
04-27-12 03:39 PM
Speaking of "Bottom of the Food Chain", here's my analysis:
AAPL has formed a clear Channel, 555-644, with 600 almost exactly in the middle.
The Up-gap Volume after the Earnings Announcement was much higher than the Dribble-down Volume over the last 2 days, which is positive for the Bulls.
It's holding above the 20 day EMA, like it always did during the Uptrend to 644, which is also good for the Longs.
Now we'll watch and see if it can stay above 600.
I think it will.
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