` Gary Investing Blog: 07/22: AAPL, GOOG, HLF


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Tuesday, July 23, 2013

07/22: AAPL, GOOG, HLF

 Right after Apple (NASDAQ: AAPL) touches 50SMA, it falls below $430.00 again with a falling RSI and MACD. AAPL is trading with little volume as the company reports Q2 earnings tomorrow. Heads up.

Google, Inc. (NASDAQ: GOOG) Strong support is found on 50SMA after GOOG had a big drop last Friday. The outlook is still healthy but more confirmation is needed to long GOOG. Rising MACD with RSI serving great support at the level around 50. GOOG could reach $1,000 in several months if it breaks above $930.00.

Weekly chart. Click to enlarge.
Is Herbalife back again? After HLF pyramid scheme scandal, reaching as lowest as $24.24, HLF gets back to $59.39 as of  Monday 07/22, covering half of the candlestick in May 2012. Worth to notice that volume is falling and Bollinger Band is very wide, which signals a possible reversal/ correction coming.

1 comment:

  1. I held AAPL for about 3 years and they did not disappoint me at all—Until the end of last year/beginning of this year when competition began getting fierce and the stock dropped significantly. Thankfully I sold my position at the nick of time. Ive been considering re-entering but not sure when the right time may be. For now, I’ll be watching closely. We’ll see what the future brings.