Apple is trading up within a channel for about 6 months now.
From technical point of view it should either keep trading up within a channel until a breakout into either up or down direction.
Scenario 1: if possible head and shoulders formation plays out then price would break out to the downside. $137-138 level to watch for the right shoulder to form. Price target $80.
Scenario 2: if price closes above $145-146, then continuation of channels is highly likely with eventual break out to the upside. Price target TBD, but above $200
From technical point of view it should either keep trading up within a channel until a breakout into either up or down direction.
Scenario 1: if possible head and shoulders formation plays out then price would break out to the downside. $137-138 level to watch for the right shoulder to form. Price target $80.
Scenario 2: if price closes above $145-146, then continuation of channels is highly likely with eventual break out to the upside. Price target TBD, but above $200
