Chart shows APPLE stock will go up

If you thought about buying APPLE stock, the time might be now. As this chart pattern shows cup-with-handle pattern

On the chart, APPLE stock broke up a cup with handle pattern and the stock price might rise to $114 a share, which is the next resistance level. The stock is in a positive momentum, current price (104.58) is close to this year high price $105.

On Tuesday March 15. Morgan Stanly estimated that more IPhone unites will be sold early this year. Putting APPLE sales views on the spotlight for 2016.

SPDR technology ETF is on a positive momentum as well, as the chart below suggests. With price 3.7% above 200MA and PPO indicator at positive territory of 3.718%. The ETF busted higher on March and as long the recent support levels hold, the Bullish sentiment is valid.