The iPhone 6 is here! That’s great for Apple device users but what about AAPL traders? Here are the important trading levels for AAPL stock.
The trend in AAPL is pointed higher in the daily and weekly time frames, which gives the larger bias clearly to the bulls. With this as a starting point, dips to support can be viewed as buying opportunities. Nearby support is 93.28 – 96.15. The top of this zone of support was tested and held in September. The lower boundary of the ascending trend channel is just slightly above this support zone. While this trend channel is maintained, the bigger picture rise remains firmly intact.
We could see additional two-sided trading action in the near-term while beneath 103.74, as has been the case over the last month, but the tide is rising and the big picture advantage is with the bulls. Only a drop below 93.28 would alter the bullish outlook and our bullish opinion on AAPL.
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