AAPL Bottoming Process in 2013 vs 2016
You never think that after running up in a massive momentum rally of uptick that the stock could just retrace 32%, 50% or even yet give it all back in such a retracement pullback. Yet that is what even the best and most powerful stocks and rallies will do. It's so hyper critical to keep that grounding truth at the forefront of expectation when you're going long on any stock. They will nearly always retrace a significant range percentage of that rally.
If we go back and look @ the AAPL's bottoming process in 2013, we can see striking similarities to the bottoming process that is underway with AAPL here in 2016.
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Apple (AAPL) Bullish Engulfs Itself - Higher Prices Coming.
Today's price-action on AAPL couldn't be any more telling. AAPL printed a bullish engulfing bar on the daily chart that completely reversed last Fridays losses. This is a strong indication from the market that Friday was a mistake.
We had a huge sell-off on Friday and that huge sell-off was promptly erased on Monday. This is ultra bullish. By technical interpretation, this still needs follow-thru throughout the week to prove that the move is real.
But we have every indication that the move is real just by virtue of pattern recognition in how the trend has thus been cultivated. The evidence being presented is not unique in any way, but rather quite obvious. Here are the 3 Main Reasons why AAPL will see much higher:
1) Macro Pattern Cultivation
2) Inverted Head & Shoulder w/ R-Shoulder in making
3) Bullish Engulfing Bar on R-Shoulder
BotTrigger has been patiently stalking the bottom on AAPL. Evidence suggest that the Bear raid on AAPl has sufficiently run it's course. We've been getting signals that the sellers are exhausted, and that the accumulation phase has very much ticked up month after month. We're not looking at micro fluctuations here at BotTrigger, but the BIG MACRO picture that has been cultivating. This is how we catch the big moves. The system is unconcerned with predictive micro moves but focusing on the probability of what things will look like months and months away, a year away.
BotTrigger has already triggered 2 formal Buy Alerts on this name, much due to the evidence that is being presented above.
