AAPL Price Action Review (Update) – 12/25/2013

AAPL gap down when the expected deal announcement with China Mobile did not materialize on December 18. And when the announcement of the deal finally came before the new trading week starts, the market greeted the actual announcement with a gap up open and closed with more than $20 gain for the session. This opening gap probably will not be filled prior to getting back to previous pivot high near 594 if can close above the 575 level. If the gap gets filled without reaching 594 first, then the 594 target could be in doubt.