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).
Good Hunting!
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It seems you like the “bullish engulfing” candle. Check out the one on $OCZ today!
Very close and very tempting. Unfortunately, I’ve read too many bad experience with OCZ product (SSD drive) when I’m trying to shop for SSD drives for my computers and laptops.
Will keep any eye and thanks for the info.
Cheers!
No problem! Did you see this news though?
http://finance.yahoo.com/news/ocz-showcases-enterprise-ssds-windows-222000229.html
Yeap, I saw the news after you pointed me to OCZ; but I just couldn’t overcome my personal bias against the OCZ brand of SSD drives. There are just too many 1 star negative review at Amazon.
Besides. showcase is only a showcase; not necessarily mean a strong general acceptance.
Cheers!