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TrailingVega
Jul 3, 2013 1:03 AM

Apple rallies $30 since Friday's bottom Long

Apple Inc.NASDAQ

Description

The price action led by Apple today has made me even more bullish than yesterday's action. Apple closed today right at the level where it spent consolidating before the early $420 move. This is all while the markets shed all their gains and turned negative for the day. The increase in volume compared to yesterday only further confirms that Apple wants a bit higher.

Next obstacle: 20 DMA that we did not break today.
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