Tuesday, May 10, 2016

AAPL - Is Apple Ready To Bounce?

Since the collapse in the price after earnings, shares seem to have a found a temporary floor at $93, with each attempt to bring it lower resulting in a fight back above that line. Here's the bigger picture:

And zoomed in on the past few weeks' price action, we can see that the floor may have been reached in the short term, and is perhaps aiming to make a move back higher:

Now you just have to be careful of a failed breakout.

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