$211 Target for $AAPL coming into 2024
Apple Inc. (AAPL) has historically found support at the 50 simple moving average (MA) on the monthly timeframe since 2008 (reference to this down below). This support level has been tested and held on multiple occasions, providing a strong foundation for this indicator. In addition, 
AAPL also has historical support for the 50MA (weekly timeframe). This confluence of support levels (On different timeframes) suggest that AAPL is well-positioned to break through the resistance level found at $175 (figure B).
A Fibonacci retracement analysis of AAPL's recent price action indicates valid levels at 61.8% and 78.6%. These levels provide a valid signal to the stock's upside momentum.
My current buy zone for AAPl is set between $143 & $134 should the stock have a downturn. This zone provides a good entry point as it is right above AAPL's support (figure A) and within our FIB retracement levels mentioned above.
Overall, the technical analysis for AAPl is positive. The stock is well-positioned even now to break through the resistance level at $175 and move towards the $211 target price.
Refrence:
AAPL also has historical support for the 50MA (weekly timeframe). This confluence of support levels (On different timeframes) suggest that AAPL is well-positioned to break through the resistance level found at $175 (figure B). A Fibonacci retracement analysis of AAPL's recent price action indicates valid levels at 61.8% and 78.6%. These levels provide a valid signal to the stock's upside momentum.
My current buy zone for AAPl is set between $143 & $134 should the stock have a downturn. This zone provides a good entry point as it is right above AAPL's support (figure A) and within our FIB retracement levels mentioned above.
Overall, the technical analysis for AAPl is positive. The stock is well-positioned even now to break through the resistance level at $175 and move towards the $211 target price.
Refrence:
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