Since the launch of the iPhone aapl has followed a specific trend line. That trend line was breached once before in early 2012. Following exponential rise, there was an exponential decline of the same mangnitude below the trend line.
The line has been achieved about a month ago, and as of today, breached.
Due to aapl's overbought conditions and breach of long term trend, some caution is merited.
Fairly confident aapl will be the first trillion dollar company but like all good things, it will take time. Apple's trailing multiple is still fairly low for such a fast moving company. And is ridiculously low when factoring it's capital allocation programs, cash position, cash generation and market positions it's products command.
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