Thursday, January 24, 2013

AAPL Opportunities Continued



Price is very weak. Fridays are typically continuation days, no capitulation rebound yet. Also,  the Bollinger Bands is expanding, so it's gonna take a few days to form a base unless we can get an intraday capitulation rebound. Price is still sitting above a converge of support lines.

Next support is 435, which is the maximum overshoot