Apple (AAPL) Outlook For October 3, 2014

AAPL held technical support @ 98 on Thursday, to close decisively over its 50-day MA, 0,22% up on the day. Closing just below its all-time high and the psychologically important $100-mark is very positive. The stock has been range-trading between $98 and $103 since mid-August. I believe that recent consolidation will drive AAPL to new all time highs in October. The stock needs a close above $101 to turn the technical picture into positive again.

AAPL, daily chart(3 months):

aapl_3m

Chart courtesy of StockCharts.com. http://stockcharts.com

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