Friday, December 21, 2012

AAPL Retest of Original Setup






The 15 min. chart of AAPL above shows that we retested the original 15 min. long setup on the open. A gap fill is being attempted.

11 comments:

chin said...

Jamie,

514 seems to be LIS as you have mentioned early... OpEX pinning seems to be around 515.

Jamie said...

Opex is a big snooze. The only stocks that really get anything going are earnings gaps like RIMM or news related plays.

I'm patiently waiting for a short squeeze in AAPL. Maybe during Xmas week.

chin said...

happy holidays to you.

Jamie said...

Thx Chin,

Happy holidays to you too!

chin said...

Hi Jamie,

AAPL is looking very weak plus all these media news is not helping at all. Volume is very light but don;t think the stock will hold this 500 support much longer. Fiscal cliff worries will rattle the market short-term. What are you thoughts ?

Jamie said...

I agree. This ambush zone 511-507 will give way as it is being tested too often without a lift-off.

The bears are still in control. On the daily timeframe, it looks like AAPL is forming a handle for a break lower.

chin said...

Looks like you H&S is in play.. $450 range perhaps.

chin said...

your much awaited squeeze is here.. GL

chin said...

Hi Jamie, would you be updating your view on AAPL now that it is close to the 50DMA ?
Seems to be finding it difficult to hold 550 level again.

TIA

Jamie said...

Thx for the comments Chin.

I have updated the AAPL chart with support/resistance zones.

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