Re: AAPL Intraday Updates
[quote author=“Tommo_UK”]
Perfect close - smack on the Upper Bollinger and looking strong rather than over-extended, and with lots of cash-rich buyers still sat on the sidelines unsure what to do. There’s still plenty of fuel for a big post-Fed push if the news is good.
My ThinkOrSwim quote shows the upper Bollinger band (20,2) currently at $190.58. Ironically I find this to be too close for comfort and I would prefer if AAPL closed below that level for today lest it seems as if Apple were overbought. There is also the $190.61, the highest opening price ever for AAPL and the all-time high of $192.68 which can provide resistance.
I think we will see a big leg up next week, when the changing economic environment and the rising BBs will justify AAPL rising even higher. I would like to see $210 by options expiration, which I believe is achievable.