Monday 23 March 2015

AAPL - post opex gains

Whilst the broader market started the week somewhat mixed, there was notable strength in Apple (AAPL), which settled higher by 1.1% @ $127.24. There is viable near term upside to around $130, with key resistance at the Feb'24th high of $133.60.


AAPL, daily


Summary

*first.. a reminder on last Friday afternoons closing minutes 'quadruple opex' nonsense...

AAPL, 5min

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Suffice to add ... AAPL - along with the broader market should be able to claw higher in the next earnings season. No doubt, AAPL earnings will be reasonable... and the $140/45 zone remains a viable target if sp'2150/75 into May.
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