Warning: Following my trades may be hazardous to your financial health. See Disclaimer.

Tuesday, April 24, 2012

AAPL - Post Earnings Watch

AAPL posted earnings after the bell today.  Both top and bottom lines beat estimates.  Prices rallied nearly 8% after hours.  603.81.   Right in the zone (circled).  If AAPL cannot close in or above the zone tomorrow, I will look to short.  (The cyan gap resistance is at 604.73)  Regardless, I plan to start shorting it starting at 623 area.

Note: Please be reminded that you're responsible for your own trades, and that often times you'd profit by taking the opposite trades.  See full disclaimer on the link on top of page.

No comments:

Post a Comment