InvestingScope
Long

Apple: Testing All Time Highs. Next Target $300-$350.

NASDAQ:AAPL   Apple Inc
AAPL is a step closer this week to its $233.47 All Time High. The market is skeptical, investors proceed with caution on this Resistance especially since the 1W RSI is just above the 70.000 barrier, but should they?

History shows that every time the 1W (weekly) RSI of Apple Inc breaks 70.000 after after a specific sequence and following a Higher Low on the long term Channel Up that started in 2012, it moves on to new highs, specifically chasing to price a new Higher High within the Channel.

It is astonishing how the date range (time interval) of each of those times (when the RSI hit 70.000 after a Higher Low) is exactly 987 days. Assuming the lowest % increase out of the past 2 occurrences takes place (i.e. +145%), we have a Target Zone for Apple at $300 - $350.




** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).
Bearish div?
Reply
Triston27 Decrypt0
@Decrypt0, not on the weekly.
Reply
Thanks for sharing
Reply
Wow! Thats sound right. Thanks man i putting my lifesaving on it! Appreciate!
Reply
It is not healthy to post trade ideas after getting drunk.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out