There is a very long-term support at 118.43 and I don't see any reason why this trend will change. I would enter a position as close to this level as possible and accept the losses if it CLOSES below 118. As it stands that is a risk of about 5.5%.
The short-term resistance is at 126.51 and if AAPL closes higher than this I could see a short-term breakout maybe to 132-136.
AAPL is still better for the long-term play at the moment.
Comments
octradr
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Very strong day today but I would wait for a close over 122 before I let my guard down. 8/10 after close
octradr
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Closed below a MAJOR support. Start getting out. 8/4 after close
octradr
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Everything is happening according to plan. It broke short-term resistance had a run past 132. Then tanked and got back to long-term support areas to do it all over again. 7/23 b4 close
octradr
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Get out if it closes below 129.62. 7/21 b4 close
octradr
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Great day! 7/20 after close
octradr
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Strong opening so far today. If this holds it will close over the 130 resistance and the bulls will come in. 7/20 b4 close
octradr
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It broke the short-term resistance today and if it closes over 130 I would be very bullish. I hope you got in close to the 118 mark. 7/15 after close
octradr
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Very bullish day. Lets see if it can break through resistance. 7/13 after close