THE IDEA
AAPL was able to form a base from which it was able to drive higher. Price action looked good once it recovered above 129.25 - but the volume was lacking, until now.
THE TRIGGER
The confirmation for a high probability long occurred yesterday with significant above average volume. Buyers were there in full force. Beware the overall market down day...
After days of tracking this animal and having a couple of close calls (to buy and go long)...it's dead an no longer viable to keep watching (for now).
The past couple of times we saw price setup nicely but on both occasions there wasn't enough volume to confirm taking the trade.
We always need significant above average volume associated with up moves in the...
Price action rose higher as desired but the day's volume was less than average invalidating the long entry trigger idea.
If AKRX continues to trade above $55.86 and manages to have a significant above average volume trading day this could signal a proper entry.
Warning - do not pay too much for the stock if price runs away higher before the desired above average...
THE IDEA
Was expecting a pullback in this general area - this has happened. Now we want to see it resume higher versus the previous two days.
THE TRIGGER
Entry will be confirmed once price trades higher than previous two days AND has significant above average trading volume for the day. As long as the market overall is also moving higher or, at worst, moving...
Background
I really like the price action strength today. It traded higher than the previous high established on February 27th. Strength despite the lazy day the overall market had today is usually a good sign. Though we did get above average volume it was less than what I would need to feel like buyers are all-in fully committed.
The Idea
This is what I'd...
$AKRX - Update to entry idea from 4/14 - previous idea failed due to lower than average volume. So no long position at that time even though price has moved higher since then (albeit on light volume).
As of today 4/21, now looking for potential entry on re-test of Feb. 27th high followed by break higher on above average volume.
*Note - the market must be moving...
THE IDEA
AKRX is testing levels last touched in February. The potential to break higher exists if the market overall also continues higher from where it is trading today.
THE TRIGGER
If AKRX is able to trade above 52.78 with above average volume the day it does this could be good confirmation of buying pressure and a trigger to get long. The idea is to hold...
