Thursday, August 30, 2012

2:43PM Apple/AAPL Technical Update

AAPL hit our $663-665 area, but this is merely just a buyable scalp down and not a hugely oversold condition. 60min RSI is currently 37 with RSI-14 settings.

660 would be the next area of support if we end below 666 today for tomorrow's bearish continuation.

Want to go for bigger meat instead of this 663.5->669 small scalp. Sitting on hands, staying calm




-Red Apple