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Apple (AAPL): Double Bottom or Head and Shoulders?

Scott Redler
Dec 6, 2012, 1:13 PM

Scott Redler, Chief Strategic Officer for T3Live and Mentor in the Swing Trader Course, looks at a potential positive technical signal in Apple (NASDAQ:AAPL) which is setting up to have a "day to take notice."  After yesterday's harsh move to the downside without much explanation, Scott looks to approach his next moves with a plan. In today's video, Scott pulls up the chart of AAPL to look at recent moves on multiple time frames with an eye towards "what's next" for AAPL. He'll measure composure again and look at potential swing trade opportunities.



Zooming out a bit, could AAPL be forming a macro head and shoulders pattern? The action in early 2013 will be very interesting to watch.




*Disclosures: Scott Redler is long JPM, BAC, and YHOO. Short SPY.

Last Updated ( Friday, 07 December 2012 17:36 )