Is $AAPL headed to $150?

Updated
*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*

*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*

*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*


My team and I have always had a love affair with Apple (AAPL) and their operations. It has recently been correcting on the charts from a $150 price point, and based on the the company's performance last week, we believe Apple has broken any bearish pattern that may have been apparent on the charts.

Apple is a notorious company with a brand equity that is currently unmatched in the electronics industry. Holding this company makes sense in any portfolio, this tech giant has showed time and time again it is the clear standard in consumer electronics sector. They have hold of a very large market by having a variety of products, these products all having some level of interconnectivity to one another. This interconnectivity has created a level of dependence for their consumers, meaning consumers do not want to buy non-Apple products simply because they already own many different Apple products. They are also able to sell older models of their devices at a discounted price, further increasing their market capitalization.

Regardless if you are chasing Apple to the $150 price point, securing yourself a good long entry for a long-term hold, or just riding Apple up on this bull run, buying at this price point certainly appears to be a good idea. Our price points are as follows:

ENTRY: $127
STOP LOSS: $120
TAKE PROFIT 1: $140
TAKE PROFIT 2: $145
TAKE PROFIT 3: $150


Check out my team over at SimplyShowMeTheMoney
Members of our team are followed there.
Note
AAPL hit our first take profit point.

If staying active in this trade, make your existing entry point your new stop loss.

New price points are as follows:

ENTRY: $127
STOP LOSS: $127
TAKE PROFIT 1: $145
TAKE PROFIT 2: $150
Note
All future updates for this trade are in the related ideas on this post
appleBullish PatternsChart PatternsconsumerconsumergoodselectronicsHOLDTechnical IndicatorsTECHtechnologyTrend Analysis

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