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Strategies & Market Trends : Underexposed Technical Analysis
AQN 6.545+0.8%9:39 AM EST
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To: Moonray who wrote (74)4/3/2017 5:22:53 PM
From: Underexposed  Read Replies (2) of 914
 
I have been doing a bit more thinking about what I would do if I had my hands on the tail of a rocket like Apple.

We have beaten to death our prediction of a potential high and we agree that $160 - 165 is our best guess and it is pretty good I think.

But it is a guess, isn't it? We are working on VERY limited information and a lot of the points used in our guesses are years old.

SO.... what to do? What to look for? You don't want to see a sudden drop and lose a good portion of your gains, do you?

So let's look at what I would look for in a chart of AAPL.

Here is the chart address.... I have put it in quotes so that Stockcharts.com won't mess with my setup. Just copy the address without quotes and paste it into your browser address, open the chart by clicking return and then Bookmark or Favourite the site and you can bring up the chart at will later

"http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=6&dy=0&id=p99162316880"

now that is a 6 month chart which is better for monitoring but this is a one year chart to illustrate a few points



The Slow Sto that I use is very important.... it's decline usually leads a decline (blue circles) in the stock price. Right now... the Slow Sto has not been below 80 for almost 4 months now... if it fell below 80 that would be a HUGE red flag.

Look at the red circles... see how they crest at the end of a bullish run... that is another mildly red flag.

Currently that $144 level we identified before is acting as a resistance... this current breakout was above the upper bollie so it is NORMAL to be drawn back into the Bollie envelope and it is doing so quite well... no indication of a fall yet

But if I saw a red flag (slow Sto or bollie curl) I would put in a Limit Stop Loss order... If I was nervous right now it would be a Trigger of $140 and stop at $139. So the order would be activated if the price fell between $139-140... If it free fell through that range then you watch for a pullback and sell it for the best price you can get (you want to make the decision and not be forced to sell at the bottom of a spike as may happen with a simple stop-loss order.

As the stock price rises you would move the Limit Stop Loss order in tandem.

This is what I would do...you may have a better idea and I am open to hearing it...Selling is the most difficult part of my game... doing it this way takes most of the emotion out of the decision and allows for future gains if they occur.

I hope you find this interesting

UE
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