octradr
Long

EZ AAPL ANALYSIS

NASDAQ:AAPL   APPLE INC
189 4 3
Made this chart 3/19. I thought I would share it again.

The 2 blue lines are the main resistance and support. It closed over resistance last week and then re-traced back into the zone.
I would like to move my support from 515 up to 522. The 515 support was valid when I made the chart on 3/19.

I am still bullish for 3 reasons...
1. It broke resistance
2. Even though it failed, the 8 day is still holding strong.
3. Rising support

Let me know what you think.

I am not feeling too good about the chart going into earnings. May want to minimize risk. 4/23 B4 close
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Lower support is still being tested and holding. 4/14
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I'm bullish too for the long term, but the option open interest has been driving this stock for quite a while now. Maximum pain level for the options is at 535 this week, so I think that's where it will end the week.
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Agreed, If can breakout above resistance Up and away she goes. Cheers :D
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