Apple beat earnings last week:Apple (AAPL) reported a solid beat after Tuesday's close amid low expectations, with fiscal third-quarter (June-end) earnings per share of $1.42, beating consensus by 4 cents, revenue of $42.4 billion modestly beating Street consensus of $42.2 billion and iPhone units of 40.4 million topping the Street's 40 million consensus. Management's September-end (fourth quarter) sales guidance of $46.5 billion at the midpoint beat the Street's $46 billion and buy-side whisper expectations for $44.5 billion. (Full article on TheStreet.com)The market liked this a lot and helped AAPL clear 100.00, which has been resistance since May. AAPL Daily Chart 8/1(click to enlarge)Bullish breakout:- As we can see in the daily chart, the market pushed AAPL eventually above 105 to close the week.- This move pushed price above the 200-, 100-, and 50-day simple moving averages, signaling a bullish reversal.- Price is also cracking a falling trendline, which also indicates a possible bullish reversal.- The RSI has pushed above 70, which signals some bullish momentum - when assessed in context of the big picture, the RSI indicates that AAPL is at least not bearish and at least sideways if not turning bullish.Confirmation:- I think the market will be more confident of the bullish outlook if we start seeing price hold above 100.- On the other hand, I think a break below 97 would kill the bullish reversal scenario.Targets:- In the bullish reversal scenario, we should look at the 112.15-20 area (April highs) as the first key resistance. - A break above 112.50 would be another step in confirming the bullish reversal, which in the big picture is a bullish continuation back towards the record highs set in 2015. - A break and hold below 100 should cause doubt about the bullish outlook.- A break below 97 exposes AAPL to the 90-92 area.