Our focus for some time has been on the upper trendline of a channel that dates back to the fourth quarter of 2021. It will come in around 167 this week, and that’s why I’ve focused on a smaller chart whose ‘D’ target at 165.28 would nearly fulfill the longer-term objective. First things first, though. Last week’s downturn from just shy of the 157.25 midpoint Hidden Pivot was not a bullish sign, but because sellers looked almost as feeble, we’ll give bulls the benefit of the doubt as the new week begins. Stay tuned to the chat room or switch on your ‘Email Notifications’ if you’re keen on catching a ride. ______ UPDATE (Feb 22, 9:55 p.m.): And down we go, impulsively so on the hourly chart. It remains bullish enough nonetheless to support a push to as high as 163.24 (A= 141.32 on 2/1) over the next 5-7 days.
AAPL – Apple Computer (Last:148.93)