AAPL Exhibits a Positive Technical Set-Up Heading into Tuesday Eve's Earnings Report

Heading into earnings after the close, Apple Inc. (AAPL) is perched near 10-months highs atop a big base formation that indicates additional upside potential into the 122-124 area to test the Nov, 2015, high at 123.82, in route to 135-140 in the weeks thereafter.

The current set-up is poised to react positively to a positive or in-line earnings report.

That said, if AAPL disappoints, weakness should be absorbed within the 112-108 support zone prior to my anticipation of the emergence of a new upleg.