Angry Fruit:

Just days ago AAPL was surpassed as the largest company on the planet by MSFT and somehow that has annoyed the stock. I often state competition is a good thing not only in life but in the stock market too. Thursday it broke ABOVE a bull flag and we know from FALSE moves tend to come fast ones in the opposite direction. The black MACD signal line is beginning to curl higher just beneath the zero number, and a bullish crossover has shown a propensity to see a PRICE spike a couple of times in the last 6 months. I still prefer MSFT over AAPL (notice the ratio chart favoring Softie for at least the last 6 months) but perhaps Apple can make a move into the upside gap fill from the 12/29 session in the near term. It currently trades 6% off most recent 52-week highs but on the WEEKLY chart is looking for its second straight WEEKLY CLOSE at highs for the WEEKLY range. Notice the very tight range last week that treaded entirely inside the prior week. That type of action often breeds powerful moves. Is it now ready to reclaim its prior $3T market cap status?

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