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AAPL Mission Accomplished!


In technical analysis, when you have a price structure that is heading for not one, but two, overlapping targets, then the target zone acts more like a magnet that otherwise.

Such is the case with Apple Inc. (AAPL) as it continues to climb off of its 7-week upside breakout from the Sept-Oct trading range, which has a maximum upside target off 112.00 to 114.20 calculated from a measured move off of the trading range and the upper channel boundary of the post-Oct 15 advance.

In the absence of a new, bullish catalyst, I will be expecting AAPL to stall and reverse from the above-mentioned target zone.

Otherwise, a decline that breaks 107.40 also will trigger corrective sell signals.

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