Apple Inc (AAPL) – UPDATE
Date: January 3rd, 2024
Thus far, our Apple (AAPL) forecasts have been nearly perfect. Our prior forecast/update called for a $200 price target by September-October of 2023 (see below). And although the top arrived a little bit later (due to time extension), AAPL did hit $199.62 on December 16th. Going forward, our timing and mathematical work for Apple shows the following…..
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PRIOR FORECAST
Apple Inc (AAPL) – UPDATE
Date: June 27th, 2023
Our original AAPL forecast (see below) is working out perfectly. If you recall, we originally predicted AAPL bottom would arrive on October 31st, 2022 at $124. Yet, when the bottom wasn’t reached by that juncture, we quickly shifted our forecast to December 31st, 2022 (+/- 2 trading days).
As you know, the actual bottom arrived on January 3rd at $124.17…….a direct hit.
This was followed by the following statement (people thought we were crazy)
- Once the bottom is put in place, Apple stock should rally into April of 2023. Our calculations suggest Apple should reach $208 (+/- $2) by the end of April. I say should not in terms of PRICE, but in terms of TIME. If AAPL doesn’t reach this PRICE target by April, the TIME variable will extend and the stock will need more time to hit the same PRICE target.
Once again, we have to make an adjustment to our original April TIME turning point due to the market’s inability to reach its targets by this juncture.
Yet, the overall forecast remains the same and in force.
- AAPL is approaching an important top. This top will arrive on a certain date in September – October of this year.
- The final price projection is closer to $200 a share because the move is taking longer than the original price of $208 projected.
- Once the top is put in place AAPL will very quickly move down. It is actually a fast mover to the downside between 2023 top and 2024 bottom. Exciting…..