THE IDEA
AAPL was able to form a base from which it was able to drive higher. Price action looked good once it recovered above 129.25 - but the volume was lacking, until now.
THE TRIGGER
The confirmation for a high probability long occurred yesterday with significant above average volume. Buyers were there in full force. Beware the overall market down day yesterday also on above average rising volume. If there is a broader market sell off in the coming days then AAPL could face downward pressure too.
WARNING - If the broader market is simply having a pullback before heading higher OR, goes sideways from today then AAPL should be in good shape to benefit. But if there is a broad market sell off then this idea could be at risk.
Use discretion and size your trade accordingly.
AAPL was able to form a base from which it was able to drive higher. Price action looked good once it recovered above 129.25 - but the volume was lacking, until now.
THE TRIGGER
The confirmation for a high probability long occurred yesterday with significant above average volume. Buyers were there in full force. Beware the overall market down day yesterday also on above average rising volume. If there is a broader market sell off in the coming days then AAPL could face downward pressure too.
WARNING - If the broader market is simply having a pullback before heading higher OR, goes sideways from today then AAPL should be in good shape to benefit. But if there is a broad market sell off then this idea could be at risk.
Use discretion and size your trade accordingly.