Apple $430 price target…(update)
In Mid-July bull market leader Apple, was trading below $360 per share and the Power of the Pattern was suggesting it could rally up to the $430 level. (see post here) Why $430? This price target represented the top of a rising channel. Below is an update to the Apple chart with updated rising channel levels.
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Apple remains inside a of quality rising channel. The break above line (1) is a positive for Apple. The top of the rising channel now comes into play around the $450 level. Until broken, it continues to pay to accumulate Apple on support and look to harvest at resistance.
I can see apple rising until the release of the new Iphone 5 in October…Apple has been a bit of buy on rumor, sell on news type of stock