I’ve rejiggered my rally target a couple of times, mainly because the stock’s ascent has been so slow and boring. The targets given here previously at 184.10 and 194.77 are still viable, but let’s use the one shown, at 187.39, since it looks reliable and potentially easy to trade. Based on this pattern, AAPL tripped a ‘mechanical’ buy last week at 176.93, stop 173.44. Ordinarily I’d say you can bid there for ‘sloppy seconds,’ but this would hold special risks on a Monday. Instead, I’ll suggest waiting for a better opportunity and following along if you want to be up-to-speed if and when it happens. _______ UPDATE (Jan 23, 5:23 p.m.): Sloppy seconds are staring us in the face now that AAPL has relapsed to the red line. Let’s stick to paper-trading this one unless we get the opportunity to buy on a further pullback to the green line (171.96) — i.e., the ‘ideal’ mechanical set-up.
