Here are three great looking charts from Friday. First up is AAPL (seen above). AAPL has been trading in an upward sloping channel for the last couple of months. On Friday, it gapped up out of the channel on an big increase of volume. Definitely a bullish move and looking for a follow through on Monday.
This stock showed up on one of my Telechart screens and I like the look of the chart.
We’ve got a rounded bottom forming and some beautiful bullish volume accompanying nice price action. Also, MATK bounced off a level of support which is a great sign.
Just after doing a post on bullish volume in UUP, supply showed its wicked face as major weakness is now apparent.
The weakness comes after UUP made a significant advance on Friday but closed even, on the low. Not only was the price action terrible, but volume was through the roof signaling that the professionals had their hand in this event.
