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.

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