Apple- $150 Upside Target Still In Play

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The Power of the Pattern shared less than a month ago that Apple could reach the $150 (see post here).

At the time of the post, Apple was trading around $109 per share.  Less than a month later after that posting, Apple has rallied around 20%.

The Power of the Pattern has felt the $150 price was the upside target even back in November of 2014 (see post here).

Should the read be correct, the Power of the Pattern suggests that dual resistance (30-year channel resistance and Fibonacci 161% Extension) both meet at the $150 level. Investors might want to protect gains in Apple at this potential resistance zone!

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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