AAPL
has completed a double bottom and made a sharp move up. After consolidating it has begun a bullish pennant. If this pennant breaks to the upside AAPL could move up to 123 and beyond next week. It is important to note that AAPL has a big event next week and earnings are 2 weeks after, these will play a big role in the price action of AAPL. However, I believe that the event is going to be considered a good thing for the share price with announcement of the next generation iPhone. AAPL will need to break the top of the Pennant and 116.83 to shift momentum.
AAPL
has completed a double bottom and made a sharp move up. After consolidating it has begun a bullish pennant. If this pennant breaks to the upside AAPL could move up to 123 and beyond next week. It is important to note that AAPL has a big event next week and earnings are 2 weeks after, these will play a big role in the price action of AAPL. However, I believe that the event is going to be considered a good thing for the share price with announcement of the next generation iPhone. AAPL will need to break the top of the Pennant and 116.83 to shift momentum.