RedKTrader

AAPL: (follow-up) yesterday's drop in more details

NASDAQ:AAPL   Apple
fellow traders, here's the zoom-in view (30min bars) of yesterday's session against the short-term projection levels

* the last hour of the session had increased selling that started pushing the price down - indicating that sellers may continue to be in control for few more days until the supply / fear / cashing-out is over - so we'll keep watching these projected price levels

* if you want to go long AAPL (i do!), i suggest to be patient and wait until there's more favorable winds in the right direction. we're not there yet. AAPL is not going anywhere soon and there will be a lot of opportunities in future - patience will be rewarded :)

let me know your thoughts and comments if you find sharing this analysis useful?
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