Apple (AAPL) after reporting earnings ealier this week once again was subjected to selling pressure as the stock remains in a bear market and 30% off its 2015 highs. While I am still a better seller of bounces/rips, in the near-term AAPL stock looks to be setting up for a good bounce that can be played by active investors and traders with good reward/risk.

Watch the video for the trade setup in Apple

 

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