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Tuesday, September 11, 2012

APPLE Inc (Nasdaq: AAPL) in big trouble likely to test 627

As alerted earlier in the day, APPLE Inc entered into bearish zone and it closed below 671. This is purely based on the chart.  Its going to find support at 660.53 but its most likely to test 627 resistance in coming days. Long term pattern in AAPL is still bullish and its safe to hold as long as its above 543.6 Its ECB Tuesdays "Fine tuning operation day" and market is likely to open higher and any BS news it will rally so don't be surprise. This will help Apple regain some of its yesterdays loss but it has major resistance at 666 and 672  and its not going to pass this two resistance. Above 672 AAPL is a buy. Below 672 is still sell till 627.

AAPL entered into bearish zone earlier in the day.
AAPL likely to retest 627 in coming days.
Earning to watch 
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R.G. Barry (NASDAQ: DFZ) is projected to report a Q4 loss at $0.01 per share on revenue of $22.00 million.

Globecomm Systems (NASDAQ: GCOM) is estimated to post its Q4 EPS at $0.20 on revenue of $99.17 million.

Hanwha SolarOne Co Ltd (NASDAQ: HSOL) is projected to post a Q2 loss at $0.31 per share on revenue of $173.86 million.

General Finance (NASDAQ: GFN) is estimated to report its Q4 earnings.

Palatin Technologies (AMEX: PTN) is projected to report a Q4 loss at $0.10 per share on revenue of $30.00 thousand.

Frequency Electronics (NASDAQ: FEIM) is expected to post its Q1 earnings.