TrailingVega

Has Apple Bottomed Again?

Long
BATS:AAPL   Apple Inc
1
Too much surprise, Apple set a low today just below $389 before rebounding as much as $11 higher. Considering that this rebound occurred while the general markets were selling off, it is only right to credit the upside movement to a technical movement. The candle that was left today is a complicate replica of the candle set back on April 22. If the pattern repeats, Apple can see $410 by end of the following week.
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