Friday, December 6, 2013

AAPL Price Action Review (Update) – 12/5/2013

AAPL got a bump on the news of a deal with China Mobile. As it got near the 576/579 resistance region that was discussed in the previous video, it faded back near the 565 level. Looking at the Open Interest for the weekly OpEx, it appears there is a good possibility it will get pin at 565 or 570. But the near term target remain to be the pivot high of 594 and the trend is still up.

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Disclosure: Long AAPL Call option.


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