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AAPL Chart Remains Constructive


The very bullish point-and-figure pattern off of Apple Inc. (AAPL) prior major upside pivot reversal from 570 on July 25th remains intact, as evidenced by its series of higher-highs and higher-lows.

Let's notice that after each of its significant rally peaks (the up column of blue X’s), AAPL has established P&F pullback lows at 650, 656, and 658. This has created an extremely important near-term support line that must continue to contain any forthcoming weakness to avert a near-term sell signal.

With that in mind, purely from a P&F perspective, as long as AAPL holds above a 654 print, the P&F bull signal will remain intact and the dominant P&F influence on price direction.

Barring a print of 654, AAPL has a next upside target of 688-692.

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