Home > Apple Trading Strategies > APPLE UPDATE FOR MARCH 5, 2013: BUY SIGNAL IS OFFICIALLY TRIGGERED!

APPLE UPDATE FOR MARCH 5, 2013: BUY SIGNAL IS OFFICIALLY TRIGGERED!

March 5th, 2013

APPLE UPDATE MARCH 5, 2013

The Money Flow Indicator hit an extreme reading of 5.13 at Monday’s close. The Relative Strength Indicator has a reading below 30 while the Ultimate Indicator is now under the critical 30 level as well. This qualifies as a triple buy signal and an optimal time period to start buying the stock after its long decline.

Tuesday March 5th could experience a sharp spike down (possibly towards 418-407) to buy into. Don’t be afraid to pull the trigger. It will be difficult to get the perfect price, but now is an optimal time. The RSI and ULT Indicators may have more room to slide on the downside, so it is still possible for lower price over the very near term. I’m just saying that now is a good time to “get your feet wet” with this stock with a chance for a good upside bounce at any moment now.

I liken the current scenario to playing Blackjack where the dealer is showing a “6” up while you are holding an “11” in your hand. You won’t necessarily win the hand, but the act of  “doubling down” is the proper way to play the hand. (If the bet is not too large for your bankroll.)

Remember, that while there is a risk in taking a stock position, there is also the risk of missing out on a good opportunity! (Click here for the chart for Apple)

Be Sociable, Share!
Categories: Apple Trading Strategies Tags:
Comments are closed.