A cup and handle formation has formed. Apple is due for a break-out. Not only is the cup-&-handle forming, but the stock has already contended with it's most recent high. More often than not, a stock will blast through previous resistance if it has already been tested and rejected once; as Apple has.
Go long AAPL. Earnings will make it pop.
Stop loss: $125.00
Buy under: $140.00
Sell half after it hits $155
With the new turmoil at IBM and Intel, the M1 chip is even more significant now than ever; especially with most automakers having backorders for their semiconductor chips needed for a car. Even though Apple does not specialize in this if they can execute better than the generational chip companies, then they will most likely be the first choice for any other chip project based on AAPL's superiority & reliability.
The stock should easily reach $150, and most likely carry on once the momentum traders tag along. I see a final selling price target of roughly $175. It should hit major resistance if it blows past $150/160.
Go long AAPL. Earnings will make it pop.
Stop loss: $125.00
Buy under: $140.00
Sell half after it hits $155
With the new turmoil at IBM and Intel, the M1 chip is even more significant now than ever; especially with most automakers having backorders for their semiconductor chips needed for a car. Even though Apple does not specialize in this if they can execute better than the generational chip companies, then they will most likely be the first choice for any other chip project based on AAPL's superiority & reliability.
The stock should easily reach $150, and most likely carry on once the momentum traders tag along. I see a final selling price target of roughly $175. It should hit major resistance if it blows past $150/160.