For all the bruises Apple (AAPL) has sustained over the last year, the most obvious one of course being is hard non-stop drop from $700+ all the way down to the $400’s, the stock cannot be ignored at these levels.
I am currently long Apple from $422.30 on July 10th and with my technical analysis of the chart below everything continues to remain on the up and up .Since forming the double bottom that was formed from April through June, the stock has seen a steady but subtle interest from the Street. There remains a few barriers overhead but I’m confident that this stock should see $460’s in the not so distant future.
Here’s my chart analysis for Apple (AAPL):
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