Apple's confirmation holds near record highs
Apple confirms its buy signal, gaining 5.8% just below record highs
Apple's confirmation holds near record highs
Our view last week
A week ago Apple's sell signal was running on fumes, price back near the Inversion Point. The picture flips: a fresh buy signal has just fired, but the stock is working within a hair of its all-time high (-0.66%), a level already tested four times in ten weeks. The weekly structure is strongly bullish, yet our technical analysis rates it as high-risk: better to wait for a pullback before stepping in.
This week's summary
The buy signal that fired on Apple last week holds: the stock closes the week up 5.8%, with a clean double bottom in the 281 area and buyers dominating the tape (79% of volume on the buy side). The stock is working within a step of its record high, a level already tested recently: the confirmation is solid, but a fresh entry calls for waiting on a pullback.
IQS Phase
75
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#49 / 112
US stocks in progress
Trade P&L %
+5.84%
from signal to today
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