Our end of September TraderPlanet article (published 9/29/2014) outlining our outlook for Apple (AAPL) served our traders well. The text from the original article is here:
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.
You can see in the before and after charts below how valuable and accurate the suggestion to buy a dip to our support zone was. The direction since the touch to our buy / support zone has been steadily upward. Currently, price is trading at 116.47, a full 20%+ higher.
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