Friday, July 14, 2017
Apple 5 Year Daily Technical Chart
Technical Indicators Look Great For A Continued Run Up. 50 Day vs. 200 Day Death Cross in Aug-2015 Finally Turned to Golden Cross Early Sept-2016 (see stars). Post iPhone 7 Launch And FY Q2 2017 Results, Price Is In A Break-Out Above $128, After A 2 Year Consolidation Period. Since The Jul-2016 Bounce Off The Oct-2012 Peak Price At iPhone 5 Launch. Price Has Rocketed, Then Spurred/Stalled As Of Late, Awaiting Run Up To 10-Year Anniversary iPhone Super Cycle. 2017 Potential Bright Spots; Trump Rally, iPhone 7 Strength, 10-Year Anniversary iPhone, Services, And AI/AR. Weak-Spot; High-End Smartphone S-Cycle Probably Peaked, Strong Dollar (DXY +17.5% In 3 Years). Fundamental Story Is Positive. One-Year Consensus Analysts Estimate Has Climbed To $159, from $139.19 Feb-10-17:
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