Apple Bought Up in the Last 10 Minutes of Trading on Friday

By | November 18, 2017

(This post is a follow-up to an earlier Apple post.)

Someone did not want Apple (APPL) shares to close out the week on their lows.

The stock was bought aggressively in the last ten minutes of trading on Friday, quickly altering the appearance of the weekly candle. Instead of a large bearish looking dark filled candle, the $1.77 pop in the final minutes of trading added a small tail to the weekly candle which gave it a hammer-like appearance.

It is subtle difference but something a technician would notice.

Will it make a difference in the open on Monday? Probably not, it is only one candle. The bearish outlook on Apple in the previous post was based on the daily chart and its indications.

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