Wednesday, 14 September 2016

AAPL - now the chasers are appearing

Whilst the broader settled moderately mixed, there was further powerful strength in Apple (AAPL), which settled significantly higher for a third consecutive day, +3.6% @ $111.80 (intra high 113.03). The break above the April high, has opened up next target of the price cluster zone of 118/121.

AAPL, daily

AAPL, monthly


Whilst many in the mainstream seem confused and lost in moderate bearish hysteria, one of the most important stocks is powering upward.

I was expecting some upside.. but its coming much faster than expected - certainly relative to the main market.

With increasing media/trader attention, the 'chasers' are appearing... as AAPL has broken multiple aspects of resistance.

A move to the $120 threshold now looks extremely likely by late October.

For those of the view that the sp'2300s are due.. whether late year.. or by spring 2017, new historic highs (>131) can be sought in AAPL.