$AAPL 30 minute still making higher lows and higher highs. Although bears will easily argue this is setting up a nice bearflag on a higher timeframe (they are right) but we won't know until we see some resolution. All things considered it held up well today given the market sell off so we'll see need to watch this closely. If we do break down, 430 is our first line of defense, through there we are looking at the 418 low. Perhaps a retest and hold of the 420 level is what this stock needs before heading higher. No position but watching closely.
Evan Medeiros
Founder, Trade Risk
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Website: www.thetraderisk.com
Twitter: www.twitter.com/evanmedeiros
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Founder, Trade Risk
---
Website: www.thetraderisk.com
Twitter: www.twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: www.thetraderisk.com/trading-newsletter