Corey Rosenbloom: Apple Inc. (NASDAQ:AAPL) shares achieved their $110 upside target on an overextended price swing.
Let’s update our Apple (AAPL) charts and plot the next trading signal from the next likely price swing.
Here’s two quick perspectives on the Daily Chart (a near and far perspective):
The first chart shows the near-term (zoomed in) Daily Chart with the two most recent large price swings.
Apple traveled just over $10.00 per share during the August rally and then consolidated throughout September.
We now see the impulsive gap and extended rally from the $96.00 low to the current $110.00 target.