Monday, 13 July 2015

AAPL - breaking the down trend

With the broader market closing significantly higher for the second consecutive day, Apple (AAPL) settled +1.9% @ $125.65, a clear break above the short term downward trend. First upside target is the $130 threshold, with secondary target of $133.98 - the April high.

AAPL, daily

AAPl, monthly


Little to add.

AAPL looks set to climb into next earnings... from a pure valuation perspective, AAPL remains bizarrely valued relative to the main market.