Apple - Post Earnings Spike next target all time highs!

On our pre-earnings analysis yesterday we indicated that we were long Apple as a positive earnings announcement could lead to the stock rising above the $213.5 Fibonacci level. Yesterday, Apple announced that despite a drop in iphone sales it's accessories revenue growth led to EPS coming in at $2.18 vs $2.10 and upward Q4 revenue guidance resulted in the the stock rising over 4%. Therefore, we are still long Apple and expect the stock hit all time highs in the coming months unless it get's dragged down by an overall market downturn due to a drastic shift in FED monitory policy or a souring the US/China trade relations.