Wednesday, 3 August 2016

AAPL - holding above broken resistance

Whilst the main market closed moderately higher, there was notable strength in Apple (AAPL), which settled +1.2% @ $105.79. Price action remains above broken declining trend/resistance. If the main market climbs into spring 2017, AAPL will be challenging the April 2015 historic high of $131.29

AAPL, daily

AAPL, monthly


AAPL is short, mid, and long term bullish.

At the current rate, we'll see a bullish MACD cross on the giant monthly cycle before year end, and that bodes for a new historic high in spring 2017.