$Apple (AAPL.US)$ Apple did a good close above the 150 resis...

$Apple (AAPL.US)$
Apple did a good close above the 150 resistance and is trying to retest the 152 resistance again.

As of now apple still looks very bullish and on track to break the 152 resistance after resting above 150 support despite trying to break below it yesterday.

The 20SMA is still positively sloping upwards which is now at 149.90 as well as the 20EMA at 149.20.

The QQQ & SPY broke out of bullish wedge yesterday as I expected and this will mean Aapl will very likely move higher since it is of heavy weightage in both of this index etfs.

The longer Aapl sits above these dynamic support levels, the higher this support level gets and that is a small win for the bulls everyday. Eventually when the support meets the price, this will help to push the price further up.

So do not be bearish on AAPL yet as it is still on a bull trend and still shows no sign of reversing as of now. Stay with the trend and remember the trend is your friend.

As always, trade safe & invest wise!

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