Author: Micah Lamar

We’ve seen several points of resistance over the past year and a half in that $183/$184 area… so this is the next range I anticipate for AAPL.

I’d be surprised if AAPL doesn’t reach new all-time highs by August. July and August historically and seasonally are two of the most bullish months of the year

Friday, we did see a little bit of selling, but AAPL was able to hold the support of $170. If the share price drops below that level, prepare for some downside – at least down to $165.  But if we can hold at $170 for the next few days, I see that overall as a bullish sign.

AAPL’s MACD had diverged from the share price, moving lower… but has now reversed upward, as well. Things are looking bullish, as long as we hold above $170.

Looking at the MACD, it’s been sideways to down for the last few weeks… but it may just cross back up to the bulls just before earnings, as well.