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Saturday, August 12, 2006 

BMC breakout , AAPL looks bearish


The stock technical analysis for AAPL looks bearish. Bearish MACD crossover. Volume pick up in the $70 that it meant some distribution.
It's trading below the DMA 200 and probably in the next few days it will test the DMA50 near the $60 level if the markets decide to follow through with the next wave down.


BMC broke out to new highs this week with volume above average, after reported good earnings. On Friday has retraced to a support following an upside breakout with sucess closing above the $24 level.

That's All. Good vacations if is your case !!!!

AC

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Hi AC,
AAPL seems to be going down on decreasing volume, don't you think it's due for a bounce?
Thanks,
AJ.

Hi AJ,
Tks for your argument.
Yes Perhaps, but I think this down movement will pause only near the $60 support level.

Regards,

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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