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Thursday, June 07, 2007 

Aaple shares reached my price target

Chart courtesy of stockcharts

Aaple shares reached today my price target of 125$ and it made again a new 52 week high at 127.61$ after received upgrades. Piper Jaffray analyst Gene Munster raised his price target for the stock to $160 from $140. Munster estimated the company will sell 45 million of the gadgets in 2009. Looking at the daily chart the Bullish picture persists for now, overbought condtions, MACD Bullish, K line on top of D line, 50 dma and 200 dma going up. However according to the latest candle showed in the chart we may see some profit taking tomorrow, but I think only tomorrow, because this stcok is really showing a strong investor confidence.

Chart courtesy of stockcharts

Gateway started yesterday a recovery from the recent sell offs, and looking at the daily chart we can see a possible double bottom in stock. Keep an eye an Gateway for a possible breakout over 1.72$.

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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Hi AC,
Have you closed your AAPL position or are you waiting it out?
AJ.

Hi AJ.

I close it.

Regards,

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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