Here's what's so great about Apple's chart: Technician

All eyes are on Apple Tuesday as the tech giant gears up to report its fiscal 2015 third-quarter earnings after the closing bell.

Shares of the world's largest company by market cap have already rallied nearly 20 percent year-to-date, but according to one technician strong results could push the stock to new highs in the near future.

"I think Apple could trade $144 a share," Rich Ross said Tuesday on CNBC's "Trading Nation." That's a nearly 10 percent rally from the stock's current price of just under $131 a share.

Read MoreApple is about to hit an all-time high: Technician

"The key feature of Apple's chart all year is this very well-defined trading range with $133 serving as resistance and $122 as support," said Ross, head of technical analysis at Evercore ISI. "We tested that support in addition to the stock's 200-day moving average [earlier this month], but since then we've ripped 10 percent higher to the top end of the range."

And by Ross' chart work, that rally has created a v-shaped reversal in the chart, which in his eyes has signaled a bottom. "I think Apple breaks out of this range and moves higher from here."

To get to his measured upside target of $144, Ross used simple math. "We see this is $11 range from $122 to $133," said Ross. "We project the $11 onto $133 and that gets us to $144."

Ross, a long-time Apple bull has been calling for the stock to rally to this $144 for some time, but he is just as convinced as ever that we could see the stock at new highs.

Wall Street is expecting the company to report earnings per share of $1.81, up from $1.28 a year ago, on $49.3 billion in revenue, according to FactSet.

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