Entry level $232 = Target price $262 = Stop loss $224.
Crucial week ahead for AAPL and indeed its supply chain, trade talks are set to resume on Thursday but the rhetoric beforehand is less than amicable.
The Market has somewhat built in a trade agreement and if that fails and either side walk away, a mass market sell off is very possible and a repeat of 2018.
On the other hand if a positive outcome is reached, even a partial deal should send the AAPL stock to new highs.
Technically the indicators are very bullish with the exception of the weekly 50MA dropping and in danger of crossing the 100ma.
A moderate FIB extension target is $262 but the 1.628 extension sits at $289 and very achievable longer term.
Crucial week ahead for AAPL and indeed its supply chain, trade talks are set to resume on Thursday but the rhetoric beforehand is less than amicable.
The Market has somewhat built in a trade agreement and if that fails and either side walk away, a mass market sell off is very possible and a repeat of 2018.
On the other hand if a positive outcome is reached, even a partial deal should send the AAPL stock to new highs.
Technically the indicators are very bullish with the exception of the weekly 50MA dropping and in danger of crossing the 100ma.
A moderate FIB extension target is $262 but the 1.628 extension sits at $289 and very achievable longer term.