There is a very long-term support at 118.43 and I don't see any reason why this trend will change. I would enter a position as close to this level as possible and accept the losses if it CLOSES below 118. As it stands that is a risk of about 5.5%.
The short-term resistance is at 126.51 and if AAPL closes higher than this I could see a short-term breakout maybe to 132-136.
AAPL is still better for the long-term play at the moment.
The short-term resistance is at 126.51 and if AAPL closes higher than this I could see a short-term breakout maybe to 132-136.
AAPL is still better for the long-term play at the moment.
