Apple Outlook: New All-Time High

 | Oct 26, 2014 01:33AM ET

New all-time high for Apple (NASDAQ:AAPL) on Friday. The daily trend will be positive as long as price trades higher than $101 (Tuesday’s opening gap). There is also support at 103, which is the high end of the 98-103 range of the last 2 months. The recent breakout from this range opens the door to $108.

AAPL, daily chart (3 months):