Whilst the main market saw continued minor chop, Apple (AAPL), closed significantly higher, settling +2.7% @ $533 - having peaked at $536.14. Near/mid term trends are bullish, with very clear upside to the 580/600 zone by end year.
AAPL, monthly, 7yr
Suffice to say... AAPL remains bizarrely priced relative to the main market.
The bigger monthly chart should be a real concern to those currently interested..or already holding short AAPL
With the Oct' high fractionally broken above, the next target are the 540s of Jan' 2013..but more importantly, the 580/600 zone.
Certainly..we might fall short of the big $600 this year...but it looks a relatively easy hit for Jan/Feb'2014.