Tuesday 17 March 2015

AAPL - vulnerable.. with the main market

Whilst the main market saw moderate weakness for much of the day, there was notable strength in Apple (AAPL), which settled higher by 1.7% @ $127.06. Broad trend remains powerfully bullish, however if main market slips to sp'2k, then AAPL will fall to $115.


AAPL, daily


Summary

Little to add.

AAPL remains under-valued relative to main market.. but if the main market does rollover tomorrow/Thursday, then AAPL has a very high opportunity to slip to the lower rising trend/channel, within the next 2-3 weeks.