Apple has been a consistent long idea in the Strategy Session for a while now.
To my eye, clearing $97 above, seen on the 30-minute chart, below, is the next level of interest for bulls to push towards $100 and $120.
What are you trading this morning?
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Long – MNGA, ILF, WEAT & TZA
Nice
Do you see a risk in $100 as the old AAPL high and rejecting it? I shamelessly bought at $425 per Gundlach ‘s call on the unfilled gap and planned to hold to $700 (now $100), but wouldn’t mind holding to $120 (and beyond!). And in response to your question, I am trying to find a way to escape my calls in FSLR and SUNE as my only trading today. Not exactly fun work.
Yes could be overhead supply. But so far stock has handled prior highs well.