Apple is forming a nice bull flag. It looks like it was almost a false breakout from an inverse head and shoulders and now has been consolidating in a channel that could be indicative of a bull-flag or cup & handle formation. Both scenarios are very bullish. It is also sitting right below is long-term lower trendline it has held since March.
If we pop back up into this channel, break $119, and resume off of that point as support, we are looking at a very nice trade setup.
Three days until earnings and one week before elections, I expect volatility to spike. Technically this looks perfect right now, but it could breakdown further.
As always, this is not financial advice!
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