Chart of the day

Where do we stand fundamentally?

AAPL did not lost the iphone market and new flagship products are around the corner as revenues from services rise steady and support growth and bullish cycle.

AAPL pulled back to 220-225 support where the pullback in the fourth wave should be finished and a continuation for an extension higher in the extended fifth wave should continue. Deeper pullback and an invalidation of immediate extension higher should happen upon a break below 220.

An invalidation level of a fifth wave extension higher is 200. This extension higher could lead to 280 target in the medium-term to long-term upon a break above 235 again.

_{To join the trend and take advantage of the bullish cycle look for a long trade entry with a stop loss below 215 to target 2500 at least. You can trade it with options as well.}