Monday, 5 August 2013

AAPL - about to test the 200 day MA

With the main market generally still holding together, Apple (AAPL) was particularly strong, closing +1.5% @ $469. This was the highest daily close since mid Feb', and AAPL is now a mere $2 from testing the declining 200 day MA. An important few days ahead.

AAPL, daily


*My original 'general' main market outlook has been for the market to max out this week. If that is the case, it will be somewhat difficult for AAPL to sustain itself above the 200 day MA.

An interesting few days ahead indeed.