I am looking for AAPL to continue its downward move for the next week or two. I am looking for a great reversal set up.
Multiple Set Ups.
1: Oversold on the Stochastic Reversal. Looking for the daily to get oversold and a turn up on the stochastic could align with.
2: Small Flag Break out: Looking apple to break out of the small tight flag
3: Channel Retracement: Stocks tend to break out of a channel and retrace back to that trendline before moving up. I am looking for that trendline retracement bounce
4: 50 MA bounce: Looks like the retracement of the channel trendline and the 50MA will collide at the same time...adding to the higher probability of a reversal.
5: Acceleration Band Bounce is setting up as well
Multiple Set Ups.
1: Oversold on the Stochastic Reversal. Looking for the daily to get oversold and a turn up on the stochastic could align with.
2: Small Flag Break out: Looking apple to break out of the small tight flag
3: Channel Retracement: Stocks tend to break out of a channel and retrace back to that trendline before moving up. I am looking for that trendline retracement bounce
4: 50 MA bounce: Looks like the retracement of the channel trendline and the 50MA will collide at the same time...adding to the higher probability of a reversal.
5: Acceleration Band Bounce is setting up as well
Kris "Maddog" Kagan -
