AAPL - another breakout attempt

With the main indexes showing continued strength, Apple (AAPL) was a key leader, closing +3.1% @ $430. AAPL is now back above key declining trend resistance, but there are further hurdles with the 50 day MA of $433 and upper daily bollinger @ $445.


AAPL, daily

Summary

Today was day'6 of this up cycle, and AAPL has now climbed $44 - around 12% ! So, the bulls have had a good bounce, but is it merely going to end like the failed breakout in late March?

Arguably, AAPL needs to clear the late March peak of $469, and put in a few daily closes >470. If that can be done, then a challenge of the 200 day MA - a very considerable way higher in the mid 500s will be viable in May/June.
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For those seeking an index rollover across May, it is clear that AAPL will need to see a rollover back under the key declining trend. Right now, near term trend is to the upside, and its difficult to envision AAPL back under $400.