Higher Lows with a Cup and Handle formation could be signaling a short term buy signal. If AAPL can get above $465 and hold this time, stock could finally move back to the 200 Day above $500. Developer Conference on June 11 should be a good catalyst to bring new money in and generate the momentum needed.
The Tuesday phenomena is very intriguing. I guess it will keep working until it doesn't! Then perhaps the rally might be coming to an end or at least taking a breather.
There's definitely a battleground forming between $900 and $920. If it breaks decisively above $920, It should go to $950, but It has tried and failed a few times. May be a higher probability that it breaks below $900.
You could be right, but I wouldn't be buying at these levels. If it breaks decisively above $48.50, then I would agree, but if it cannot in the next few days, this will probably roll over again. Good Luck!
I wonder who gave two thumbs down when I posted this back on May the 8th? Shorts trying once again to fight the momentum. Oh well, I hate to say I told you so but you were warned. Here we are just shy of $100. Happy to take your money.
Really? Someone called for $30 / share? I guess you missed the memo that high short interest stocks are all the rage regardless of fundamentals. Why fight it?
Now that it has broken above major resistance of $50, there appears to be little resistance until $80 according to the 2-year chart. More shorts still to cover.
Can anyone say momentum? Both shorts and longs piling on could take it to $100 in a whisper. You better have lots of margin if you want to stand in front of this freight train and short it now!
This stock flies in the face of technicals. Good luck with your trade, you'll need it!
Even a whisper of a dividend increase will send this stock up 3%. There are much better short opportunities out there. This is not one of them.
Relentless shorts keep shorting above $35 and insiders keep buying under $35. Something has to give. The shorts will likely run for cover before earnings once they discover there is no earnings warning.
If nothing else, you're brave. There is little downside and huge upside in this stock. Should be in the high 50's before earnings. History tends to repeat itself.
This is definitely frustrating to hold, but as is typical with AKAM, when traders get tired of waiting and the stock drifts lower and shorts come in, positive news comes out squeezing the shorts and the stock rockets over 10% in one day. It pays to be patient in this stock. You will likely kick yourself soon.
Pain trade is higher. Don't fight it. That includes you AEA_FYI2. Your daily shorts won't work on this stock anymore. Sentiment has reversed.
Pain trade is still up. Lots of shorts still unwinding including AEA_FYI2 with his 100,000 shares short.
How high will you need AAPL to go before you make back the money on your short? You should change your handle to "calls them as you hope them"
It's largely a technical move. A lot of traders had buy orders kick in above $460 and $461. Also lot of activity in the April $460 and $465 calls yesterday and today.