Apple to $190 based on previous consolidation patterns.
Hello,
Apple looks set to breakout to $190 level. It has recently consolidated on 3 occasions now. First at 150, followed by a retrace and breakout to 160, followed by retrace and breakout to ATH of 182. Now that we have retraced, we are once again testing the previous consolidation levels of 175. From here we can expect a strong move to 190 level in the near future if current level holds.
Fundamentals also seem strong for Apple right now with rumors of buy backs and huge cash savings. I could easily be wrong, the news of Warren Buffet buying big volumes of this stock could be a classic example of sell the news, bull trap-like event.
Good luck and take it EZ.
Mobsta
Apple looks set to breakout to $190 level. It has recently consolidated on 3 occasions now. First at 150, followed by a retrace and breakout to 160, followed by retrace and breakout to ATH of 182. Now that we have retraced, we are once again testing the previous consolidation levels of 175. From here we can expect a strong move to 190 level in the near future if current level holds.
Fundamentals also seem strong for Apple right now with rumors of buy backs and huge cash savings. I could easily be wrong, the news of Warren Buffet buying big volumes of this stock could be a classic example of sell the news, bull trap-like event.
Good luck and take it EZ.
Mobsta
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