Apple's Bullish Technicals

 | Jan 09, 2015 07:19AM ET

Apple (NASDAQ:AAPL) shares’ strong performance on Thursday turned the daily trend up. The whole price region between 112.50 and 115 is full of technical resistance. A close above 115 is the next bullish target and a breakout will open the way to the all time highs @ 120. The bullish scenario is valid as long as price is higher than 110.