AAPL skyrocketed higher this week after it's earnings announcenment. Will it Continue?

This week we look at AAPL's top line resistance level given by the slightly bullish channel. 

We also see mid level support and resistance levels of $155 support and $157.50 resistance. A sustained trade above or below these levels will give us short term clues on AAPL's direction. 

Seasonality has played a major factor in our AAPL trades this summer. August Seasonality is modestly bullish. Not as dramatic and obvious as June and July. 

Last bit is the question on the iPhone 8 and HomePod Launch coming up. Will the hype of these two products lift the stock into the announcement? I think the mid term price levels noted above will give you the answer. 

These mid term levels plus the MACD can give you a great set up, here's a great video on the #1 MACD set up. 

Until next week... trade safe,

Micah