What a nice finish today!
AAPL is up 2.84% supported by an above average. The bull flag was confirmed, suggesting that uptrend will continue.
Today, we broke the resistance at SMA 200. This was tested last week, but was rejected. The next key resistance to watch is $473, as it is the highest of the previous peaks (on 2/11). Expect some profit taking there. The third resistance would be around $500 range, and could be realized in September, assuming new product launches meet the Street's expectation.
AAPL is up 2.84% supported by an above average. The bull flag was confirmed, suggesting that uptrend will continue.
Today, we broke the resistance at SMA 200. This was tested last week, but was rejected. The next key resistance to watch is $473, as it is the highest of the previous peaks (on 2/11). Expect some profit taking there. The third resistance would be around $500 range, and could be realized in September, assuming new product launches meet the Street's expectation.