My near-term pattern and momentum work on Apple (AAPL) indicate that all of the action off of the March 19 high at 129.25 into last Friday’s low at 125.88 is a completed minor correction, within a still incomplete upleg off of the March 12 low at 121.63.
If accurate, that means AAPL should be nearing upside acceleration that hurdles 129.25 towards a retest of its all-time high at 133.66 (to 135.00) in the upcoming hours.
Article & chart by Mike Paulenoff, MPTrader.com.
