AAPL stalled in a precarious place Friday en route to what had looked like a high-probability rally target at 370.19. Actually, the stall occurred well shy of a lesser target at 363.34 shown in the chart. It too was ‘high-probability, given the gap through the midpoint resistance on Friday. Both patterns remains viable, but the stock’s canny handlers will need to exercise care trying to re-inflate the stock, since the bad news on the company — 11 stores shut down again due to Covid-19 outbreaks — is not something easily shrugged off. Regardless of how things play out, we’ll continue to treat AAPL as the stock most capable of leading the world’s stocks markets in either direction or even sideways.
AAPL – Apple Computer (Last:349.51)