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Is AAPL Poised for a Strong December Rally?


Let's notice that Apple Inc. (AAPL) has been levitating and consolidating above its 200-Day EMA (116.79) for the past 6 trading sessions, which so far represents a bullish digestion period atop the most recent upleg (111.00- 119.92).

A sustained climb above 119.92 should trigger upside continuation that challenges and hurdles the July-Nov resistance line, now at 121.70.

Only a failure to climb above 119.92, followed by a breach of 116.70, will compromise the currently promising set-up.

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