Apple (AAPL) Outlook For November 4, 2014

AAPL exceeded my $108 range breakout target last night, marking a fresh all-time high. The daily trend would only turn south if price closes below $106. 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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