Don't chase Apple at this price, wait for a pullback to at least 226

A reader requested a stock chart for Apple, here's my technical analysis:

Apple is at all time highs so it is hard for me to project further upside targets. I personally wouldn't chase this stock because I can't identify any upside targets to it and there is no other stock that can serve as a basis for comparison.

However I can identify plenty of support levels. In particular, Apple has a gap to fill at 215. 215 is also a strong support level for Apple. I am confident that in the future Apple will return to the 215 level, but I don't know when that will occur.

Recent price action in Apple has been pretty weak consisting of doji jumps up everyday reminiscent of SPY's December-January climb to 115.14. I think a pullback to 226 is likely. Apple will also find support from trendline A which has defined Apple's move up from the March 2009 low. Look for a break through trendline A to signal a big reversal in Apple.