AAPL
My previous article talked about AAPL filling the
pre-earnings gap to test the 560ish area. Well, now it’s been filled. The highs
of 567.69 on April 24th have been breached. What now? Well, AAPL
needs to hold this mini support line of 564-567 area, or else it’s going much
lower.
My reasoning behind this speculation is that although the earnings
report came out with fantastic results, investors are just not ready to push
this stock to 600+. Therefore, if the gains from the ER have been erased entirely
(which it has), then these investors want to press this stock to a more
reasonable price. Which is probably a lower support line in the 500’s area.
Bouncing on Monday is crucial. I do not have a position in
AAPL, but I will if it does not hold.
NFLX
This stock is finished, had it short since two days ago.
Strong trade for me. Will continue to hold this short position until a reversal
sign is established.
Heading towards the 61-65 area.
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