Apple Stock Update ($AAPL): Nearing $152 Price Target

David Busick

Last September, I provided a $152 price target for Apple right here on See It Market. Since that time, Apple’s stock price (NASDAQ:AAPL) has increased by over $30 per share.

And it is now nearing my upside price target ($152).

Below is an updated Apple chart with my AAPL stock price target and key levels. The bullet points below help to walk you through the chart analysis.

  • Key price support levels that held = 94.58 & 85.37.
  • The 1st support level was tested several times and held; the 2nd support level was never tested.
  • After an initial move higher, price pulled back to an open gap at 103.91 and took off.
  • Price is now consolidating and I still expect my $152.02 AAPL price target to be hit.

Apple Stock Chart (AAPL) – Weekly Bars

 

Note that you can get more of my trading insights and analysis at Bottom Line Trades.  Thanks for reading and have a great week!

 

Twitter:  @TheFibDoctor

No position in any of the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

 

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