Potential Entry or Add Price Points as Apple (NASDAQ:AAPL) Launches iPhone 5
By L.A. Little Sep 21, 2012 8:55 am
If you are looking to add Apple to your portfolio or make additions to a core position, consider these charts.
If you are a trader, then you can take these same principals and drill down to shorter term time frames since they are applicable to any time frame. The only issue with the shorter and shorter time frames is that the noise level increases and under- and overshoots of price are more common.
Having said that, here are two charts and time frames that I use when making very short term trades -- a 20-day chart using 2-hour bars and a 5-day, 10-minute bar chart. What I like to find is overlapping anchored support zones on these two time frames. In the case of Apple there are none on these time frames.
No positions in stocks mentioned.