Apple: Stable Volatility + Accumulate to $193 PT Spread

8 Nis 2018

Despite the volatility experienced in 2018 so far, Apple has maintained a healthy path along its overall trend lines. Opportunities to accumulate this year have been great and ranges within Fibonacci channels have held strong. Earnings season, WWDC, OLED adoption and other catalysts can help propel stock back up and into a "money zone" that should hold and allow for the stock to be traded by those looking for technical gains. The $180 resistance level has been hit and crossed and should bounce nicely if hit again during a period of market stability/momentum. Price target of $193 falls in line with historical spread of $33. Long AAPL with sustained fundamentals and technicals.