Apple's Chart Looks Bullish
The AAPL chart is showing higher highs and lows in an upward-sloping channel.
After a nice consolidation, the Apple (AAPL) chart is showing some nice progress. Take out the high spike post earnings in April, and we have a chart showing higher highs and lows in an upward-sloping channel.
I like this chart here, and the Moving Average Convergence Divergence indicator is about to flash a buy signal. Relative Strength is also holding up well.
Time will tell of course, but the odds seem to favor upside here as the chart is showing potential for some nice price expansion.
At the time of publication, Lang held no positions in AAPL.