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Friday 22 November 2013

Buy Apple @ 521- invalid

High risk trade:
Buy Apple @ 521 if it stays above, for 30 minutes expiration
Risk: Target support @ 520 but was broken, new possible support @ 521, resistance @ 522

Result: invalid
After seeing Apple rebounding 3 times @ 521, we decided to take a higher risk to buy Apple @ 521 instead of 520
But Apple failed our last test to stay above 521 & drop straight below to 520.40 after our signal @ 10:33am EST
Therefore signal is invalid
521 & 520 also turned into resistance as Apple dropped further, showing that support @ 520 is weak


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