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%.
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.
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