Apple (AAPL) Outlook For October 14, 2014

Despite the general market weakness, AAPL has been showing big relative strength, even though it closed below the crucial psychological support of $100 yesterday. The stock has been trading within the 98-103 range during the last two months. The daily trend is neutral now. Current consolidation a few dollars below all-time highs keeps my scenario of new price records soon on the table. It makes sense to say that when the market rebounds, AAPL will easily make new record highs.

AAPL, daily chart(3 months):

aapl

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

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