TradingView
EvanMedeiros
May 4, 2013 4:28 PM

pullback in the cards? Long

Apple Inc.NASDAQ

Description

AAPL overall I still like this name to the long side but I think it might need some digestion up here. I did not love the performance on Friday but with opex who knows how true the price action really was (and it really wasn't THAT bad). That said I do think we can pullback here especially if the market takes a break early next week. The bulls need to hang onto 430-435 zone if they want to keep momo in this name. I'll be stalking dips into the low 440s and 430s for possible long entry for a swing second leg up on the daily. If we decide to open higher on Monday I'll be daytrading moves above 452 to the long side.
More