Apple Inc. (NASDAQ:AAPL) which is the highly popular maker of various devices and gadgets such as the iPhone and iPad, has just announced that it will be hosting a media day on September 9. It is expected that they will announce the release of the new iPhone 6. When I look at the chart of Apple Inc. (NASDAQ:AAPL) I see that stock has been trending upward in a channel. Every time the stock hits the higher end it sells off, and when it touches the lower end it gets a bounce. Right now we are at the lower end of the channel and finding support. However, if this stock fails to hold this support it is headed straight to $93 and then $89.75 level. Be long with caution here.
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Parm Mann
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For live market insight and alerts exactly when we enter and exit positions on trades like the AAPL and more...step inside the Elite Round Table and enter profitable trades live with us. We look forward to having you join us as we navigate the markets and make money!
Parm Mann
Elite Round Table
Follow me on twitter: ParmMannTrader
Join the Elite Round Table on Facebook
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.