After the stock split earlier this year AAPL has become a much more affordable stock to trade. It was already in an established uptrend when the split occurred but stuttered around the 2012 high ($100.72).
As with many US stocks Apple was being to trend well when the market-wide October pullback slowed the trend. It also happened around the time Apple had begun to break the 2012 high, so this resistance acted as a double whammy.
Since then price has recovered and continued it's upward move. On 12th November the breakout bar (on higher volume) was a good opportunity to enter a long position. If you missed that then there may be further entry points in the future.
One to add to your watchlist while we wait to see if another viable set-up occurs.
As with many US stocks Apple was being to trend well when the market-wide October pullback slowed the trend. It also happened around the time Apple had begun to break the 2012 high, so this resistance acted as a double whammy.
Since then price has recovered and continued it's upward move. On 12th November the breakout bar (on higher volume) was a good opportunity to enter a long position. If you missed that then there may be further entry points in the future.
One to add to your watchlist while we wait to see if another viable set-up occurs.