AAPL Bullish PennantNASDAQ:AAPL has completed a double bottom and made a sharp move up. After consolidating it has begun a bullish pennant. If this pennant breaks to the upside AAPL could move up to 123 and beyond next week. It is important to note that AAPL has a big event next week and earnings are 2 weeks after, these will play a big role in the price action of AAPL. However, I believe that the event is going to be considered a good thing for the share price with announcement of the next generation iPhone. AAPL will need to break the top of the Pennant and 116.83 to shift momentum.
