iPhone Helps Apple Run to New Highs

The iPhone release has helped Apple (AAPL) stock surge to new all time price highs with the stock today trading just over $133 a share. Was there a bull flag that predicted this most recent price movement though? Yes, and you can see the original post pointing it out from last week.

This chart analysis will use the following concepts:

Apple Stock Chart

aapl5.png

Apple broke through our latest buy point of $125 on great accumulation type volume. The next day when $130 was breached affirmation volume was seen which proves the breakout legit. We can also now see how the RSI and MACD have started trending upwards after settling nicely in neutral ranges. Go Apple.

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Comments

  1. says

    I don’t know if we needed a bull flag to spot this price increase. We could have invested months ago when the iPhone news was first released. It’s way up since then.