Binary options of Apple Inc.(NASDAQ:AAPL) just fell down to $575.54. Seemed like the share price will attack even lower levels, but after a quick change of pace the stock surged highier again.
The end of the week isn’t very productive for Apple’s binary options. Looks like most of bears are off for a party pushing the price towards $575.95 which is a 61.8% retracement of the $567.26 – $590.00 upwards move. If the bearish fest succeeds to push AAPL below that level it might even spread as far as the 50-day MA at $574.29. That may be a really nice place on the stock chart of Apple to “take a break” too, because the 50-day MA stands exactly at the 70.7% retracement of the same upwards move.
Some binary analysts wonder, if the latest news about Apple denying service to Iranian-American and Iranian customers and the followed accusations of racial profiling has something to do with the performance of company’s binary options. This puts yet another stain at Apple’s far-from-spotless reputation.
Not so long ago binary traders heard about the bad worker conditions in the factories of the iPhone manufacturer Foxconn. Another main issue, concerning the binary community and the general public as a whole has been the complete lack of women at the higher executive level of Apple Inc.
On the upside, if the binary options break through the $577.60 level, and establish it as a support line, there might even be chance for AAPL to finish above the EMA9 at $578.55 or EMA4 at $579.29.
Disclaimer:
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.
