AAPL Ideas Before Earnings

Although I’ve had timing signals for at least a short term low in AAPL ($623.84, up $14), I do not feel that this stock is in the clear for a buy that could be taken overnight. If the healthy price cluster of resistance at the $613.20 – $638.56 area is cleared, that would change things. This zone could actually be broken down into two smaller zones which would read $631.44 – $633.27 and $636.30 – $638.56.

The next problem is that I’m not interested in taking a position in AAPL until after earnings. At least this gives you an idea of some parameters which can also be used for some day trades before then, or places where you should tighten up stops if AAPL reaches the same zones!