Apple (AAPL) Outlook For November 3, 2014

AAPL reached my $108 range breakout target in the last session of the week. The daily trend is up as long as price ramains above $105. The stock is quite overextended in the short term and may need to end this parabolic wave up and rest a bit in the next few days before advancing further.

AAPL, daily chart (3 months):

aapl

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

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