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PennyBagsCapital

Apple on the verge of a massive flag breakout

Long
Apple Inc (NASDAQ:AAPL)  
PennyBagsCapital Updated   
NASDAQ:AAPL   Apple Inc
Trend Analysis Chart Patterns Fundamental Analysis apple AAPL LONG aaplelong aaple_tradingsetup Bullish Patterns bullflagpattern appleinc
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trendanalysis chartpattern fundamental apple aapl long aaplelong aaple_tradingsetup bullish bullflagpattern appleinc
AAPL

Apple is on the verge of a massive upside Bull Flag breakout on the 1W chart. Price is currently above the 200 Day SMA (historically bullish) and if we look at the weekly trend and don't fight it, we can see that the trend is currently clearly up.

I see this flag breakout as a bullish continuation, with the ultimate price target being $220 (height of the flag pole). Couple this technical picture on a HTF chart with Apple's amazing fundamental tailwinds in the next 6-12 months (5G super cycle), I see us hitting the $220 target by Q1 2021.

Not financial advice, but I will be positioned with long-term calls and adding to my overall investment portfolio here.

- PennyBag
Trade active:
Trade going according to plan - $220 target is well on its way folks
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