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Scott Redler’s Chart Attack: AAPL, FB

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Yesterday's tactical plan for Apple (AAPL) to buy/test near the 8day was a good road map.

Now we'll see if $108.30ish holds and builds an upper floor to digest a nice post earnings move from $102.75 to $110.23. Some of my spreads expire this Friday. September will sit.

aapl_8_18_micro_1471524952

Facebook (FB) has been digesting/lethargic since they sold the earnings report at highs.

Yesterday could be a start as I nibbled at the 21 day which has been support.

In order for it to get better, it needs to take out and close above $124.40 but the real area is $126.

fb_8_18_tactica_1471524947

Positions Disclosure: Scott J. Redler is long AAPL call spreads, FB

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