Tuesday, 7 February 2017

AAPL - new historic highs

Whilst the main market saw a day of minor chop, there was notable strength in Apple (AAPL), which broke a new historic high of $132.09, and settling +0.9% @ $131.53. Near term outlook offers the $134/36s.. within the next few weeks, before a threat of retracing back to the price gap zone of 125/22.

AAPL, daily

AAPL, monthly


Many have long touted 'the best days for AAPL are in the past'.

Well, Mr Market doesn't think so, as today AAPL broke the April 2015 high.

Broader upside to the next soft psy' level of $150 looks due this summer.

It is just a matter of time before mainstream talk resumes of the $200s.