AAPL Daily Analysis for 22-Dec-2011

AAPL seems to lose bullish momentum. Impulse Bar is still green but the upward momentum is clearly diminishing. MA lines are converging, both confirming the diminishing momentum on the stock. RSI seems to turn down slightly, and stochastics still indicates a minor upward strength, but it is going to reverse in short term. I say AAPL is transitioning into a top reversal within 3 days. Consider clearing your short puts and start collecting short calls, OR wait until the top is reached then buy ATM puts.

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