Apple (AAPL) technical preview for December 1, 2014

AAPL remained almost unchanged on Friday, consolidating around all time highs, a bit below $120. The short-term (daily) uptrend remains intact as long as price stays above $116,50. My estimate is that AAPL will have a very strong performance in the month of December, as an extension and maybe exhaustion of its 20% parabolic move of the last couple of weeks.

AAPL, daily chart (4 months):

aapl

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

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