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Monday, June 04, 2007 

AAPL near to reach my target at $125

Chart courtesy of stockcharts

Shares of AAPL were up more 2.47% or 2.93$ closing at 121.33$ after company said it will start selling its touchscreen iPhone on June 29. Stock traded nearly 31 million shares, has now a market cap. of $104 Billion dolars. Stock is very near to reach my previous price target at 125$. AAPL has been on one of the most amazing runs of this most recent bull market. Looking at the daily chart the investor sentiment in AAPL stock showed by RSI continues strong and MACD still going up. Stock still trading in a strong Bull Market with share price above 20 dma, 50 dma and 200 daily moving average. Following this technical chart it's predictable that tomorrow AAPL will reach to new highs.

Chart courtesy of stockcharts

Keep an eye on AMKR for a possible breakout over 14.70$. MACD turn to positive.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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