Apple (AAPL) Outlook For October 30, 2014

New day, new all time price high for AAPL yesterday. The daily trend is up as long as price trades higher than $103. The recent breakout from the 98-103 range of the last 2 months has opened the door to $108, so we may see some profit-taking around current levels. The stock is a bit overextended in the short term and may need to rest a bit before advancing further.

AAPL, daily chart (3 months):

aapl

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

Please read the Disclaimer!

RECEIVE MY TRADING REPORT FREE OF CHARGE FOR 2 WEEKS BY SENDING ME AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!