AAPL ugly this AM, more articles about reducing screen production and loosing top tablet sales in Japan to Google Nexus 7.
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AAPL ugly this AM, more articles about reducing screen production and loosing top tablet sales in Japan to Google Nexus 7.
Moving back up in the triangle.....tomorrow should provide to be an interesting and telling day...
Attachment 758
VZ noted higher than expected iPhone activations today. Tomorrow should be interesting.
I think it was LimitBass who first mentioned DDD as a good prospect, and then Rad has brought more focus into the 3-D arena. Consequently, I've kept my eye there in hopes of finding a smart way in. Maybe I'm about to find it in DDD. Here's what I see:
With RSI now at 84, it is most likely we'll see a correction real soon. Couple that with a good solid touch yesterday of the upper trend line (making that either the 3rd or 4th touch, depending on how accurate I can create the chart drawings), and I think it is now that it begins to retreat. The question of course is "how far?".............In my attached chart, a conservative view shows a small gap at 66, but for the more sporting, there is a broader one which happens to align with the 50% Fibonacci Retracement at 55 or so. It might be interesting to keep an eye on this one. It could be a nice opportunity to take advantage of.
EDIT: well, for some reason I am having trouble uploading the chart so you'll just have to draw your own or else just take my word for what I've tried to illustrate.:out: EDIT#2..........figured it out...........here's my chart.
I am sure your watching, profit taking at ONVO, down 15% for the day at the moment, FYI
EDIT- Knife falling, down 19%, may buy a bit more, but could keep gong, always the question
EDIT- Went down 25%, rebounding a bit now, bought a bit more, we shall see what happens.
EDIT-Opened at 6.115, Down to 4.07, back to 4.96 today (so far) . MONEY TO BE MADE GUYS!!!!!!!!
Wazzup? :-). I am back and taking a look! Let's see what shakes... I am once again looking for a great penny stock to play with....any suggestions? shalom
Rad, I saw your suggestion that we convene here with this ONVO talk. I also felt your frustration with that drastic drop this morning. While I am certainly no chart guru, here's one simple lesson you might appreciate when watching such volatility. In my attached chart from stockcharts.com, at the top you will see what is called RSI (Relative Strength Indicator)...........Any trace below 30 means the stock is oversold, trace over 70 is overbought, and between 30 and 70 is neutral. Note that each time the RSI shows overbought the stock price goes down. Yesterday showed very heavily overbought so my gut told me the price was soon to fall. Further, I applied the Fibonacci Retracement tool which indicated the normal 50% retracement would be to 4.17. Maybe I was lucky, but I placed buy orders at 4.17 and also at 4.61 which is another high probability retracement indicator at 38%. Check out the chart below and let me know if I might help start you on a basic understanding (which is the level I am at).