Limited volatility and doji candle for AAPL yesterday, at record price levels. The daily trend is up as long as price trades higher than $104. The general market strength, especially Nasdaq’s strength helps, too. The breakout from the 98-103 range sets $108 as price target of this wave up. The stock is a bit overextended in the short term and may need to rest here a bit before advancing further.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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