EvanMedeiros

this is bullish 30 min

Long
BATS:AAPL   Apple Inc
0
$AAPL lots of lines here but the story remains the same. We have been in a strong uptrend for the past 3 weeks and we just had a week of consolidation after 60+ points to the upside. On the 30 minute timeframe this remains BULLISH. The lows from Friday around 450ish should at least offer some sort of bounce to the mid/top of this range. Based on the speed and magnitude of the bounce should give us clues as to how ready apple might be to a second leg breakout above 463. On the other hand If the bounce is small or there is none at all then we look for price to fill some of these open gaps and probe lower for buyers to step in. I think for longer term traders 430 remains a critical level to hold for the stock.

Evan Medeiros
Founder, Trade Risk
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