AAPL is now testing the 10SMA again, so I added a light day trading position.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbdwufrDmPP3DALwcvp89lIccZzx0fUlUZ_wKRuv6MipcCoNpqFPBw77pcI7_9_Hh4qqoVZmwVwJOb2SvoGCYUnE0rqJjmoopvdO1zR7m6JDjq5pJDR4oISq9-etK3sJvG077Onm9zeQU/s400/sc-2.png)
I think its down side would be correlated with AAPL's trailing PE. A trailing PE between 19-20 should be a low for AAPL's stock, which would correlate to a price between 318 to 330, when incorporating next quarter's results. So I will add if it breaks down to 320.
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