AAPL’s daily trend remains positive as long as price remains above $107,50. The stock has been consolidating at record high levels for one week now, as we see a decrease of intraday volatility. This is very healthy price action after the recent price pop-up from $95 since mid-October. Given the general market bullishness, AAPL has very good chances to move even higher.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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