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Apple's price again close to historic high, now what?

Apple forecast

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Apple's long-term upward trend continues. After the stunning fiscal report, investors have no cause for concern. The price has now entered a mid-term consolidation of between $160 and $180. Short-term impulse, after the fiscal report, are strongly upward. Breaking the resistance around $180 will most likely lead to new purchases. The price remains over 200 moving average, which is a positive signal. TD Demarker crosses base level 60 in an upward direction - a zone controlled by the bulls. Positive news does not end up with technical analysis. Following Donald Trump's tax reform and a 35% to 20% corporate tax cut, it would allow the rebate of a large company's income earned outside the country. To minimize the risk, we need to wait for a breakthrough and a resistance test at $180. The other option to play the long is if the price reaches $160 again. But we have to be careful because breaking and keeping the price below this level will change the medium-term trend to bearish.

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