With AAPL in bed with YELP (or is it the other way around?); there have to be something to it.
I also like the fact that there is a bullish engulfment bar (as of now and based on my version which rely only on solid bar and ignoring the candlestick tails). The chart is showing resiliency since it bottomed out on 6/4.
In a way, this is a thinly traded stock with ridiculously spread, I’m putting a generous stop loss (below 38% retracement from recent high to 6/4 low) to give it room to fluctuate.
My position size is relatively small compared to what I usually traded with; so I’m not going to sweat over this if it takes out my stop. Nevertheless, I may add if momentum continues upward per The Fly’s precognition… (grin).
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