GOOG: Fast and Furious fade setup worked out, but it's too bad there was no second leg down. Bulls were very strong at dip buying intraday, we may be stuck in a $860-$850 range to trap in more traders now.
Wednesday, May 8, 2013
AAPL and GOOG Technical Analysis
AAPL: Nothing surprising today, traders that chased in the morning got trapped and this is why we warned about this tricky resistance region last night. An important thing to note from today's action is that once price broke below $457 trigger line, the target at 20-EMA hourly came into effect and AAPL immediately reached it then held for the session.
GOOG: Fast and Furious fade setup worked out, but it's too bad there was no second leg down. Bulls were very strong at dip buying intraday, we may be stuck in a $860-$850 range to trap in more traders now.
GOOG: Fast and Furious fade setup worked out, but it's too bad there was no second leg down. Bulls were very strong at dip buying intraday, we may be stuck in a $860-$850 range to trap in more traders now.
