Apple (AAPL) reached the lower price target range that was established in this previous update:
That lower price target I mentioned was looking for Apple to correct to was the 200 Day moving average. I said "do not be surprised to see Apple re-test the support at its 200 Day moving average again before taking off". The 200 Day moving average was around the $104 area at the time. Apple's share price closed at $113.72 on the date of the above linked article. It subsequently reached a low of $104.08 during its pullback.
Now that its share price has started to rebound from the $104 area, let's use some tools to estimate where Apple's (AAPL) new uptrend is going.
Apple's (AAPL) New Uptrend
The first tool I turn to for calculating upside price targets is the .......If you want to continue reading this article, you must first sign in. Not a Trendy Stock Charts member? Then consider one of the subscription plans.