Apple IncLong
AAPL's clear path to $4T market cap
Apple has been in this consolidation box for 1,190 days i.e., 3 yrs, 3 mos. It broke out on strong volume, followed through and then back-tested. What does this mean?
If we are still in mid-cycle in this long duration secular bull trend, and not late cycle, then this break-out has legs to go. Couple of fundamental catalysts: iPhone 16 super cycle, refreshed Watch, AI assistant and new wearables e.g., hearing aid.
The previous trading range peak to trough was 30%. If we were to assume the same trading range in this new peak trough, what would upper price be in this range? ~$258.
And what is the market cap if it hits this price? $4 trillion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.