The stock of Apple (NASDAQ:AAPL) never stops. The Apple continues to grow on the stock market, to grind records, to retouch highs to highs. There seems to be nothing stopping her. But how far can it still run? Thanks to a study by ProiezionidiBorsa, let’s see which strategy to adopt to take advantage of the price rush.
Apple’s stock does not stand still
Looking at the price curve of the Apple stock is dizzying. Especially since 2019. Up until then the action had risen, but in a linear progression. In August 4 years ago, prices were around 108 dollars. By October 2018 they had more than doubled, but the title had had a linear progression. Apple peaked at $ 220 in October, then corrected until the end of the year, dropping to around $ 140.
Then in January 2019 the ride that is still going on began. A race to the upside that saw the drop in prices between the end of February and mid-March as the only pause, due to Covid. A decline on which all institutional investors have thrown themselves to fish, accumulating on the weakness of prices.
Here are the strategies to adopt to take advantage of the price rush
From the lows of the week on March 23 to today’s highs, the stock gained around 120%. In just under 5 months, prices went from a minimum of $ 212 to a maximum of $ 464. Massimo touched in this week preceding August 15th.
What will the prices do now? Since March, the bullish progression has been impressive. It is therefore legitimate to ask how much the title can go up. It is useful to approach an operational strategy paying close attention and using a lot of prudence. Even if nothing suggests that the race can stop in the short term. The stock seems to be heading towards $ 500. Probable target with the exceeding of $ 470 at the end of the session.
The levels to monitor
Since the end of July, the share has opened two bullish gaps, one in the session of 31 July and one in that of 3 August. And usually the gaps are closed sooner or later. The second would be closed with a drop in prices below $ 425. That of July will close with a drop in prices to 385 dollars.
However, it is necessary to specify a not irrelevant detail. Since March, the stock has left several gaps open. None of these have ever been closed. So it is not taken for granted that these need to be covered. However, with closings under $ 400, the alert on the stock is triggered. Drops of up to $ 350 can be considered corrections, albeit profound. Below this level the trend is reversed, which becomes bearish.
The progression of Apple stock prices over the past 10 years
to know more
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