Apple Inc. (NASDAQ:AAPL): Apple may be about to breakout

 


Apple stock gapped up 0.73% at the opening on Wednesday, just above the key resistance level at $178.16. From a technical viewpoint, the stock bounced off the trendline support at $171.96 and a successful April breakout-retest is confirmed.

In our view, buyers should step in after the stock breaks above its 50-day EMA, sending the stock back up to retest the $3 trillion mark at $192.12. Be aware that the Apple September Event in Cupertino, CA is less than three weeks away, either on September 12 or 13!

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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