This is a swing trade. AAPL is trending on long term support. Critical area of $105-106 is important for upside and downside momentum. Geometrically, shares are setting up for price consolidation. We recommend traders set a stop near $102. We have a price target of $116, our estimated resistance.
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We sold our shares at $101.70 but have re-initiated a position at $99; our stop is $95.