All of the action in Apple Inc. (AAPL), since its February 24, all-time high at 133.60 has the right look of a still-developing, high-level bullish-coil pattern, which "in theory" argues that when the digestion period runs its course (the coil is complete), AAPL should embark on another upleg that projects to new all-time highs above 133.60 into the 135.00-138.00 target zone.
Only a decline that breaks 122.60 will compromise the pattern, while a break below 121.63 will wreck the constructive set up altogether.
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