AAPL completed a 7-week triangle base over 121.63 (March 12, 2015 low) on breaking through the 129.24 (March 19, 2015 high), triggering further bullish momentum towards the 133.60 record high (February 24, 2015). Clearance above there would extend the broad uptrend to target the Fibonacci projection at 139.18 (0.618x (105.20-133.60) from 121.63). The immediate support level lies at 126.32 (April 22, 2015 low). Beneath rests the 124.46 reaction low (April 17, 2015).
Outlook:
Short term: buy on pullbacks
Long term: bullish
Outlook:
Short term: buy on pullbacks
Long term: bullish