Apple's Technical Outlook

 | Oct 24, 2014 06:11AM ET

New all-time high for Apple (NASDAQ:AAPL) yesterday. The daily trend will be positive as long as price trades higher than $101. AAPL finally broke out from the 98-103 range of the last 2 months, opening the door to $108. A lot of course depends on the general market direction, with the major US indices being a bit overextended in the short term.

AAPL, daily chart(3 months):