Watch AAPL for an upside breakout

  • February 23, 2006
  • Jea Yu

AAPL is
forming daily mini with 60 min mini pups giving an upside target at the daily 50
period ma at 73.70.   Mini pups are when the lead %d stochastics
stalls on the rise as the laggard %dslow stochastics continues to rise to form a
wedge like breakout.  A break through the daily 50 period moving average will
trigger a ramp to daily upper bbs at 76.50.  Our traders are long from 72.27. 
Trail stops will be on the daily 5 breaks through 71.10.

 

 

 

The Nqs are forming a daily
uptrend slowly.  The upside target is the daily 50 at 1701 as the stochastics
try to coil up non traditional mini pup attempt.

 

 

 

Jea Yu

 


Jea Yu has been involved with the equities markets for over 10-years. He
specializes with intraday trading in the U.S. equities and futures markets.
To receive a free 7 day trial to Jea Yu’s Underground Trading Pit,

click here or call 888.484.8220, ext. 1.

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