[isatrader]

Apple (AAPL) is starting to show signs that it is forming a Stage 1 base, with a higher low at the end of June and this week it broke above it's still declining 30 week SMA. I've highlighted that the 30 week SMA is declining, as people might be tempted to call a Stage 2A breakout if it moves above the recent swing highs - which it's very close to. But it's not Stage 2A until the 30 week SMA turns up as well, and so it will still be classed as in Stage 1 imo.

The price action turned the more sensitive 30 week "weighted" MA up for the first time since October and the technical attributes score improved from a 2 last week to a 4 out of 9 this week as you can see on the attached SATA chart.

   

The technicals are improving for AAPL, with relative performance finally beginning to pick up a little and volume, although looking quite anemic, has actually moved above it's moving average on the cumulative volume and also attached is the traditional scale point and figure chart which shows that the price has moved above the long term down trend line.

So I'm upgrading my previous rating of Stage 1A to Stage 1, which by the definitions of the method means "the basing phase - may begin accumulation". Attached are the charts.