Jamie,514 seems to be LIS as you have mentioned early... OpEX pinning seems to be around 515.
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.
happy holidays to you.
Thx Chin,Happy holidays to you too!
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 ?
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.
Looks like you H&S is in play.. $450 range perhaps.
your much awaited squeeze is here.. GL
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
Thx for the comments Chin.I have updated the AAPL chart with support/resistance zones.
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