There are a few more things that I would to see this chart, AAPL, do before I commit any funds. Recently price closed above my CBL, (green line below), and then followed through the next day. Now in order for me to commit to buying Apple, I will also need to see price closed above and follow through the Red downtrend line and close above the 50 day moving average. I would take thoughs 3 signals together and run with it. Stack the odds in my favor and then set a paper stoploss via the CBL or Count back line.
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