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Since the stock is in an uptrend, AAPL may continue to climb higher. I think the pre market data may suggest that AAPL may gap up to make new highs.
The chart above shows us that AAPL is above its rising 20 MA, 50 MA and 200 MA.
This tells us that the stock is bullish in the short term, mid term and long term.
One can still be bullish on AAPL as long as it stays above the rising daily 20 MA.
Nov 30, 20 09:44 AM
The S&P 500 has broken out into new highs and I believe that it has establish a new support area.
Nov 23, 20 09:05 AM
After breaking out of a downtrend line, the S&P 500 still looks bullish for the near term.
Nov 17, 20 05:26 AM
After the news of Tesla being added to the S&P 500, it is gapping up pre-market.
Nov 09, 20 06:56 AM
After the elections, the S&P 500 is now breaking out of a triangle pattern.
Oct 23, 20 08:22 AM
The US stock market seems to point to a Republican victory. It is still in an uptrend and therefore we should continue to remain bullish.