AAPL - an important daily close

Whilst the main markets saw minor chop, Apple (AAPL) put in the first daily close above the (still declining) 200 day MA, settling +2.9% @ $467. Near term trend is generally bullish, and a move to the big $500 psy' level looks very viable in the near term.


AAPL, daily

Summary

The last six trading days have been really interesting to watch in AAPL.

We've seen a very clear baby bull flag that played out across the entirety of last week. Today's jump confirms the bull flag..and the fact AAPL closed above the 200 day MA...that's very bullish for the near term.

Certainly, further upside looks likely across the rest of this week, first soft target is the upper trend line of the channel. which by opex will be bordering $490.
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*AAPL has not closed above the 200 day MA since November 2012.