novvoll12
Long

AAPL 129.20-bullish- False range break powers a V-shape rally

NASDAQ:AAPL   APPLE INC
236 0 2
AAPL             surged from the 119.23 low (July 9, 2015) back above the strong 4-month range support at 121.23 (from March 12, 2015 low, near 50% of the 104.63/134.54 rise, and the 200 day moving average) to suggest a false break and extend a V-shape recovery towards 130.18. Above would focus the 133.00/134.54 key resistance area for a retest. 127.35 provides immediate support.
Outlook:
Short term: bullish
Long term: bullish
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