This is a technical confirmation that apple stock broke through hold resistance and has room to run to new highs. It’s over the 2015 highs which most likely means there is new demand for the stock. Old resistance at 136$ becomes floor for the next rally.
The combination of 275 millions of iPhone units being holder than the iPhone 6, possible tax break from Trump administration & a generous dividend hike coming next month should fuel the rally in the range of 180$ to 200$ a share. Even at those levels this stock would still trade at a reasonable P/E ratio to the market.
Be well & get Wealthy