AAPL: New record high! What to do with it?

Hello traders and investors! Yes, AAPL has been moving according to the technique, and now we see something new.

First, it did a good pullback to the 1h chart today, and now it is going up again, as usual. The 21 ema is pointing up, and clearly we have a bull trend. In addition, we are defeating the ATH today.



In the daily chart, we see that AAPL is trying to break the resistance at the ATH. As we discussed in my previous analysis, we were in a Trap Zone, between the ascending 21 ema and the resistance. Now that we are breaking free from it, AAPL has more room to go up.

The volume is increasing again, reinforcing the bullish momentum, and only a very bearish reaction could make it drop from here, and do a pullback to the 21 ema again.

For now, AAPL is just trending, and we see no pullback/reversal sign around. If you are afraid of a pullback, no need, as we lack signs price-wise.

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Have a good day.