Thursday 5 March 2015

AAPL - continuing to retrace

Whilst the broader saw moderate price chop, there was notable weakness in Apple (AAPL), settling -1.7% @ $126.39. There looks to be further near term weakness to the 120/118 zone. Broader upside into the summer to the $140s looks highly probable.


AAPL, daily


Summary

Suffice to say... near term downside is $120/118 zone.. where the 50dma is lurking.
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In next wave, AAPL has a fair chance at 140/45... perhaps the psy' level of $150 in June.