EvanMedeiros

actions heating up at a critical inflection point, bet or wait?

BATS:AAPL   Apple Inc
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$AAPL will be very interesting to see how apple closes this week given the recent action. Lots of eyes are on this 450-460 range trying to determine if this stock is ready for a longer sustained move to 500. It's anybody's guess right now but it should make for lots of headfakes and back and fourth price action if this is to become a true inflection point. Watch this rising trendline early tomorrow, a break below 450 will have alot of longs scrambling to the sidelines and on the upside the bulls want to see that lower high taken out, call it 456.

Evan Medeiros
Founder, Trade Risk
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