APPLE outlook for September 1, 2014

APPLE stabilised over the $100 mark. There is no overhead resistance. Protect your long positions with a trailing stop (now at $101). It does not look like we are in a bubble phase now. There will be some inevitable correction though and this is why you need the stops. Apple’s course could make or break these markets so it is worth following on a daily basis.

AAPL_20140829
Chart courtesy of StockCharts.com. http://stockcharts.com

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