Tuesday, May 8, 2012

AAPL Update

AAPL still looks like it doesn't want to give in quite yet.

 1 min leading positive on the break of support today

 2 min the same

continues
 3 min shows the build up before earnings, the distribution in to earnings and a leading positive divergence

 The 15 min is where the magic is, it shows the same things the 3 min chart showed, but the 15 min keep climbing instead of confirming the downside price move.

Ultimately the longer term the daily chart is leading negative so I'm holding on to the calls for a bounce trade, but I have a longer term short position in AAPL that I will add to on any decent strength.

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