Apple $AAPL – 5min chart comparisons

On October 8th, I posted this 5 min chart of Apple warning others not to fight the trend.  At the time I saw numerous posts and tweets about getting long the stock.  Unfortunately from that point, the stock still had about 125 points to the downside.

(Click chart to enlarge)

Now here we are a month and some days later and the trend has clearly changed.  Now is the time to get long verse this t/l.  Apple is above the 10 and 20 Ma’s on the daily, MACD has crossed, RSI isnt even close to being overbought.  Santa’s coming….

(Click chart to enlarge)

 

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