Friday August 17th, 2018 by Mike Paulenoff AAPL-- hit another new all-time high at 217.68, but more significantly, exceeded my week-ago upside target zone of 212-216. What now? Let's notice on my enclosed hourly chart that the extension of the April- August upper channel boundary zone projects into the 218 to 222 next target area. In that my work considers the origin of the current upleg from the 6/25 low at 180.73, and in that "up here" AAPL looks like it is completing the upleg from the 6/25 low, my sense is that for anyone trading AAPL, to tighten stops significantly-- to 212.75, in anticipation of a near term peak and correction to emerge somewhere between 218 and 224 (representing a 1% overshoot of the my 222 upside target). If such a scenario unfold, AAPL will correct into the 200 support area, prior to climbing to 250.Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.