Tuesday, 10 July 2012

Long Trade Update

Share Price Rising

This is my share trade update. As the chart below shows the share price for APPLE is currently rising and it has performed well since it broke out from the resistance level indicated on the chart.
I expect the share price to continue to rise and reach its previous all time high of $640.

There is the possibility of getting into the shares on a retrace back to the resistance area of $590 as this price should act as a support level for anyone wishing to buy at a better price.

I have moved my stop loss to $580. I have done this as I expect the $590 region to act as support so any further decline would invalidate my chart analysis and I would then want to get out preserving my capital and any potential further losses.

Thursday, 5 July 2012

Shares Rising

Breakout Confirmed

As the chart below shows my prediction of a price increase on the breakout from the ascending triangle pattern has been confirmed 

I am holding this position with an initial price target of $640 which is the previous all time high for APPLE Shares. 

I will keep readers posted on my position

Tuesday, 3 July 2012


July 3 : BUY signal Triggered

Yesterdays price action triggered a BUY signal
As my original post suggested a close above the $592 price would confirm the ASCENDING TRIANGLE BREAKOUT pattern. My trade is as follows

STOP LOSS  placed under the most recent swing low of $565 ( yellow support line)
TARGET price is $640 

Monday, 2 July 2012

July 2 . Breakout from resistance

July 2: Trade Update

Todays price has seen a continuation of the bullish price action from Friday.
Price today has been able to breakthrough the $590 resistance area.
If the price at the end of trading today can close above $590 then a BUY signal has been triggered and the break of the ASCENDING Triangle pattern would have been validated.

Sunday, 1 July 2012

June 30th

June 30th

update as of end of trade June 30th 
There was an increase in the share price in line with the general market bullish buying on Friday
The DOW was up 2% 
This week if further buying takes place and the price can break the $590 resistance then a BUY signal will be triggered.
Initial Targets will be $640
Stops can be placed under the short term support of $565

Wednesday, 20 June 2012

June 20

June 20

Chart shows an Ascending Triangle Formation
Looking for a breakout tonight above $590 to trigger the BUY 
Initial targets are the March highs of $640 
Stops can be placed under $565 which would invalidate the signal