Chart Analysis on AAPL (by Mike Paulenoff)

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Apple is taking a breather after a recovery rally of $12.75, or 3.4%, from Tuesday morning into early trading today. As viewed on our intraday point-and-figure chart, any weakness off of this morning's high should be considered an intervening pullback prior to the resumption of strength that propels AAPL to 398-402 thereafter. Optimal pullback re-entry window is 385-383, with downside overshoot potential into the 381.50 area, ahead of the anticipated next up-leg.

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Originally published on MPTrader.com.

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