zytenthecruel

From a Longterm Perspective Apple is Still at a Good Entry Point

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NASDAQ:AAPL   Apple Inc
There is bullish divergence in the one year RSI. MACD indicates that there is going to be continual upward movement and it will likely turn green soon. 200 day moving average is near the price and can serve as a potential support and stop loss. I have seen some convincing long term analysis that argues apple will go up for a bit and then consolidate back down, however, if you do not want to wait and take the risk (personally I am iffy if apple will go lower than this this year, unless we have a crash) now is not a bad point to buy in for the long term. Price target, based on the channel apple has been in, is around $145. However, if it is able to break out of the upper part of the channel, the price could continue to rise to the 160s or 170s.

Disclaimer: Not financial advice just another dumbass on the internet.
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