Several bullish patterns are nicely in synch here, presumably driving AAPL toward the 98.13 target shown, and thence, perhaps, to a more important one at 99.40. A subscriber who evidently picked up on this during Thursday morning’s impromptu tech-analysis session reported making enough dough on the trade to pay for dinner. There’s still room to run, and so I’ll suggest using a mechanical bid at 96.69, stop 96.21, for a shot at 98.13 or higher. The trade would trigger only if AAPL has exceeded p=96.69 by at least 0.25 (or so) for a few bars and pulls back to it. ______UPDATE (February 29, 10:09 p.m. ET): The trade worked, even if it took a pop almost to 98.13 before the stock retraced to p=96.69. Exit at the target was key, since AAPL relapsed $1.50 after peaking a dime above the 98.13 target.
