Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

AAPL's Technical Set-Up Continues to Improve Heading Towards Earnings Next Tuesday


 

As we speak, Apple Inc. (AAPL) is pushing up against its nearest-term down trendline-- off of it's Nov 25, 2014, high at 119.75, which cuts across the price axis today in the vicinity of 111.60, and if hurdled and sustained, should trigger immediate upside continuation to test the Jan 9 recovery rally high at 113.25-- on the way to a new all-time (post-split) high above 120.

My pattern work argues that AAPL ended a significant correction from 119.75 at 104.63 (Jan 6), and is in the early stages of a new upleg.

With earnings due out next Tuesday, Jan 27, after the close, increasingly the news is setting up to provide a meaningful, bullish catalyst for AAPL.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!