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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[UPDATED] September 12, 2016

Apple (AAPL) Bullish Engulfs Itself - Higher Prices Coming.

https://goo.gl/STfUpO

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

Click to view chart

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.

To review BotTrigger's 5 Reasons why AAPL has already bottomed please review our prior post → http://www.bottrigger.com/single-post/2016/03/22/Title-Title-2


Some of the greatest pearls shared by Jesse Livermore:

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“Money is made by sitting, not trading.”

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“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

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“Buy right, sit tight.”

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“Nobody can catch all the fluctuations.”

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“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

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“It takes time to make money.”

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“Don’t give me timing, give me time.”