Tuesday, November 20, 2012

Apple: Over Sold Bounce?

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Nice reversal on Apple as noted last week Link

Was Friday's reversal an oversold bounce or a generational low? ITZ believes the later... Apple was insanely oversold and trading at a cheap valuation pe & ex-cash. Below ITZ has highlighted upside resistance levels.


6 comments:

itzstockchartz said...

Apple television predicted to headline three core product launches in 2013

apple-television-predicted-to-headline-three-core-product-launches-in-2013

itzstockchartz said...

Entered 1/2 position April $650 calls @ $20.50 (stop $19.50)

itzstockchartz said...

back in on call $21 set stop $20

itzstockchartz said...

lets raise stop to $21 on call Leaps * neglected to note this is a full position...things moving fast ...follow ITZ on Twitter

itzstockchartz said...

Raise stop to $25 from $21 follow on Twitter

itzstockchartz said...

Stopped at $25 for a $4 gain offsetting $1 loss the other day overall +3