CLICK ON CHART TO ENLARGE
Apple has rallied from $200 a share to over $700 per share over the past couple of years and line (1) has been key support during this rally. Sharp declines have stopped along support line (1), which has presented great entry points. Last months decline even stopped on a dime on this line.
Will it pay to buy Apple again on line (1) again? Attempt to catch a falling knife with a stop just below support?
Right where the pros can see it and take you out.
Just kidding. Don’t even think of setting too close a stop or they will.
Chris, where would you park your stop on AAPL if long?
Every time it seems to want to stop a speeding train. The good thing about this situation is that it can operate with a tight stop. If finally sweeps and drilled the resistance, then a good short entry signal would be expected to enter a throwback selling.
Sorry for my English translator!