APPLE Next stop 200 after a pull-back

19 Jul 2023

Last time we bought APPLE (AAPL) on the short-term was on June 05 (see chart below), after a technical pull-back, and easily hit our 190 target:

The stock has maintained the Channel Up since late March with the 1D MA50 (blue trend-line) in Support since January 25. Based on the 1D RSI, which has been within a Rectangle pattern while the stock is on the Channel Up, we are about to see a technical pull-back towards the Higher Lows (bottom) trend-line and then rebound for a Higher High. That is a short-term opportunity for buyers to target $200.

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