Wednesday, 9 December 2015

AAPL - falling with the broader market

With the main market closing broadly lower for the third consecutive day, Apple (AAPL) was similarly on the slide, settling -2.2% @ $115.62. Rising support is around $113... so long as that holds.. there remains viable upside to the gap zone of 126/130.

AAPL, daily

AAPL, monthly


Suffice to add... AAPL remains one of the leading stocks in the market.

If the equity bulls are going to achieve broad upside into spring 2016... AAPL will need to be trading well into the $130s.

Right now the $130s are a clear 13% higher... and look out of range before year end.

*no position, and consider AAPL one of the last stocks to ever be short.