Tuesday, 10 July 2012

US Stock Tip: Has Apple Strong Run ended?

Dear Friends,

Since my last email my on recommendation on Apple, it has been running non stop.

See our article on Apple a few days ago:
http://www.danielloh.com/2012/07/us-stock-tip-will-apple-break-590-this.html


My opinion is that Apple's run may not have finished. Now the price in mid day is $613. Looking at the daily chart, we can see that on Friday there is a small red candle. This is what I called a show of strength and a potential trigger setup for higher prices. Though the day has not ended, we can see the big body green candle, indicating bullishness again.

Without the red candle, I may not be bullish. The red candle signal a pause, but also a place to buy.

But having said that, you need to take note of Apple resistances at $620, $625 and the highest point at $645. All these are resistances that Apple needs to clear on its way to Earnings Day on Tuesday, 24th july, after market close.

Rgds
Daniel

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Btw we have a FREE SEMINAR coming up, do join us with your friends. 

10 July (Tue) English Session and 11 July (Wed) Chinese Session


<<Top 5 Reasons to be Bullish This 2nd Half Of The Year>>
- Are turnarounds of the Dow Jones Industrial Average and the Straits Times Index happening in July?

You shall learn:
1) Reasons for being bullish this 2nd half of the year
2) Outlook for the Singapore and US markets
3) How to be financially Independent in Trading
4) How to earn rental income from the stock market every month



Date: 10 July (Tue) English Session  &  11 July (Wed) Chinese Session

Time: 7pm -10pm
Venue: 141 cecil street, Tung Ann Association Building
            #07-02 S(069541),
            Tanjong Pagar MRT exit G, walk straight 80m, opp traffic light


Speaker: Daniel Loh (Raffles Business International Director, Mr Hu Li Yang partner, Derivatives Specialist)

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