AAPL Daily Analysis with events posted on chart.
I expect AAPL to remain and stabilize a bit in the consolidation zone ($447-$470) this week. Max pain is at $465, so I expect that there won't be much deviation from it this week (also lack of catalyst later this week). However, by early next week, we should have some indication of iPhone 5C / 5S order status. Reviews have been positive thus far, and some of the unlocked 5C have already been sold out. If sales also tops estimate, we can expect AAPL to break out of this consolidation to regain $470-$500.
BTO Oct 470 C on 9/17 @ ~$9
I expect AAPL to remain and stabilize a bit in the consolidation zone ($447-$470) this week. Max pain is at $465, so I expect that there won't be much deviation from it this week (also lack of catalyst later this week). However, by early next week, we should have some indication of iPhone 5C / 5S order status. Reviews have been positive thus far, and some of the unlocked 5C have already been sold out. If sales also tops estimate, we can expect AAPL to break out of this consolidation to regain $470-$500.
BTO Oct 470 C on 9/17 @ ~$9