Profit takers continue to hit Apple since its recent peak of 132. The stock now sits on the 38% retracement of the recent breakout move from 105, powered by a monster earnings report. So, what now?
I think the stock will test 120 and the 50 DMA (the thin blue line) - the 118 range is a good spot to get long the stock, though with the following caveat - this stock will be volatile going forward.
Rating = Slight Buy at current Pricing
I think the stock will test 120 and the 50 DMA (the thin blue line) - the 118 range is a good spot to get long the stock, though with the following caveat - this stock will be volatile going forward.
Rating = Slight Buy at current Pricing