Apple has finally officially announced deal to sell iPhones in China with China Mobile
Apple's CEO also promised big plans for 2014 & will have a lot to look forward to in 2014
Apple jumped from 549 to 566.65 even before the market opened
Possible support @ 550 but might be too low
No other supports found yet but Apple might still be able to go higher even though it's already too high
Possible resistance @ 570 which might turn into new support if it breaks above, stays above & goes higher
Look to sell Apple @ 570 if it stays below & drops further, for less than 30 minutes expiration
Look to buy Apple @ 550 or 570 if it stays above & goes higher, for 30 minutes expiration
Results: Sell Apple @ 570- 2 wins at higher risk (sell as high as possible)
Apple's price movement near 570 is quite small, trade at a higher risk
Apple opened @ 568, a little too low from 570, couldn't drop further below 563 & only reached 570 again near end of day
Sell Apple for it to expire @ 566.80 at 10am EST & 569.46 at 3pm EST
Buy Apple @ 570- 2 wins at higher risk (buy as low as possible)
Buy Apple @ 570 at higher risk near end of day
Market was closing, risk increased as Apple stayed too close @ 570 & it was too late for Apple to go higher today
Apple only barely stayed above 570 & couldn't go higher, it also dropped slightly below 570
Still, Apple managed to expire slightly above 570 @ 570.344 at 3:30pm EST & 570.09 at 4pm EST
Watch Apple @ 570 to see if it can go higher tomorrow
No comments:
Post a Comment