mistertomlinson

Waiting for perfect entry before ER.

NASDAQ:AAPL   Apple Inc
479 3 8
AAPL             has consolidated before the last 3 ERs and broken out thereafter. The chart appears to suggest the same thing is happening now. If so, I would expect a pullback to the major trendline around $116. Measuring the previous move and applying it to the breakout at ER, my price target would be around $143 in late May.
Are you still expecting a pullback to $116? If so, what timeline? Thanks.
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The chart suggests it would only be possible around the 14th, however Apple Watch preorder on the 10th might make this unlikely as most models become backordered and price responds accordingly. One can hope.
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I agree with the sentiment for the drop but if it breaks below previous high of 120. I think it will continue to break to the down side. Note that in previous moves the stock remained about the previous high.
I think all the good news about new products is already built into the price. With all the upgrades, I am fairly certain there will be a low lower than 116.
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