Apple's is looking strong as we are heading to earnings. Since it broke the neck line of an Inverted Head and Shoulders pattern that I've mentioned to my Elite Zone members before its previous earnings, AAPL didn't look back.
It looks like AAPL is heading towards the PRZ of a bearish Crab pattern near 160$ Will it reach there? Well... that's depend on its earnings.
7-8% rally in AAPL is such a bullish market isn't something that will surprise me...but still AAPL will have to come up with exceptionally good report to be able to push all the way up there.
The other option, in case of a bad report, is that AAPL will take a break and retrace towards 130$ - Previously was resistance, now should act as support.
What are your thoughts about AAPL?
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AAPL's price floating below the PRZ. Waiting for that final push into 160$