Went long on Apple today at $135.18 after a failed attempt to short them a couple of days ago. Strong bullish bias is alive in Apple shares especially after seeing the Fibonacci retracement only pulled back to the 25% failure level before rushing back and breaking the $133.35 level. Sure volume was a little low, but I’m happy enough to see the stock close above the prior resistance.
Next key resistance will be around the $135 area but based on the rumors circulating around about new iPhones and a possible netbook for Apple by June or July, I believe there’s enough momentum for the stock to keep moving North.
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