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Originally Posted by wutamess
Fidelity for me. 7.95/transaction. Bought in at APPL @ $128. Hopefully I can get my $ back. It went as low as $90 in the last 4 months. When do you guys pullout?
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AAPL is looking fairly bullish on a long term basis. Just like any other stock, as long as the market doesn't tank, you should get a run back to $130. I see a lot of bullish divergences on that chart.
Note the higher low on the MACD vs. a lower low on the price. That's a strong indicator of a bottom.
Along with the the MACD breaking above the 0 line as well. However, if the market stalls here as a whole, you probably are looking at the high of a trading range. On a short term basis AAPL is definitely overbought and hitting some resistance but that is also the behavior of a trend beginning too. I'd say if you break above $112 it will be a good sign of a strong run.
Heading into Sept and Oct with an election coming up could stall the entire market though.