Originally Posted by
siriusly_invested
Well, I guess AAPL is out of my league so I have to gloat about lesser priced equities such as Starbucks (SBUX) which has been very kind to me over time, and as of this morning I re-entered at $54 based on the following signals: First, note that the price has bounced off of the lower trend line again (after many previous such moves), and in so doing has entered the gap that lies between $53 and $54. Ironically, this action immediately follows the formation of a Golden Cross (50 dma ascending across the 200dma). Consequently, I decided that if I need any more encouragement than what I saw this morning, then likely I would never be in this game. Sure hope I am right again. Check it out in this chart of earlier this morning.
EDIT: PS. I almost overlooked the formation of the ascending triangle which gives credence to the thought that we should see a breakout to the high side, especially in light of the afore-mentioned Golden Cross.