AAPL: Yep, that’s a breakout

Not really any doubt left.  The next major test will be the underside of the rising (multi-year) wedge – but that is a pretty steep ascending line that AAPL may actually never catch up with.

2013-05-06-AAPL_CHARTS

One interesting possibility from this level is an inverse Head-and Shoulders.  If the stock were to sell-off from here and return to the 420-ish level, then rally back above this 460-ish level, we’d have an “inverse Head-and-Shoulders”, and other pretty bullish pattern.  As is, despite my deep-seated loathing for all things Apple, this breakout looks legit.

 

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