Despite the general market weakness, AAPL has been showing big relative strength, even though it closed below the crucial psychological support of $100 yesterday. The stock has been trading within the 98-103 range during the last two months. The daily trend is neutral now. Current consolidation a few dollars below all-time highs keeps my scenario of new price records soon on the table. It makes sense to say that when the market rebounds, AAPL will easily make new record highs.
AAPL, daily chart(3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
Please read the Disclaimer!
RECEIVE MY TRADING REPORT FREE OF CHARGE FOR 2 WEEKS BY SENDING ME AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!
Petros Steriotis, CFTe, MSTA 