Apple Inc. (AAPL) Apple is the world’s most valuable company. It is the most recognizable consumer electronics and computer brand in the world. Apple has a strong reputation for innovative design and product engineering. As a result, it has a fan following unlike any other electronics company in the world. Given the increasing use of electronic items and greater digitalization of our lives, the long-term growth runway for Apple is long. Being one of the most dominant companies in its industry, Apple is well-positioned to leverage future growth trends.
The Long term for Apple shows a long-term uptrend with higher tops and higher bottoms. The stock went up significantly post the pandemic in 2020. It found resistance at the $139 level before finally breaking out in July 2021. Since then, the price peaked at $156 before September saw markets perform negatively across the board. The price returned to the $139 level, which now appears to be acting as a support. A reversal look to be in play, and the target is the previous peak of $156. A stop-loss can be placed below the support level at around $136.

Position entered into our long-term tracking portfolio today. The entry point is at $149.44, and stop-loss is placed at $119.16, 20% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $163.94, giving a profit of 10%.