US Stock In Play: $AAPL (Apple Inc)

AAPL have successfully exhibited a clean break of its 3 months consolidated Symmetrical Triangle chart pattern that was highlighted previously on 25th November. The breakout have AAPL rallying +16.62% in 20 trading session, attaining its first profit target at all time high resistance point of $138.70 level.

At the current junction, AAPL’s attempted breakout of its all time high price level is resisted with insignificant volume. With 20D MA acting as a minor short term support that have been holding up the breakout rally of AAPL, the momentum on AAPL remains bullish on short term.