$700 for AAPL from 60 Techs

BATS:AAPL   Apple Inc
The 1 hour chart suggests AAPL will make a run at the 700 mark. As shown by the technicals, historically the RSI in conjunction with the MACD has proven reliable in predicting turning points in AAPL . At the end of May and July, MACD and RSI would show similar signs of oversold conditions before rallying. Ideal buying conditions would be to see RSI come down closer to 20 and MACD touch -8. One other helpful indicator would be to see a strong spike in volume in a sell off. This will usually happen just before a rally will begin. If these conditions are met, we could see a 9% rally to the 690-705 region in AAPL .


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