The Long Investor

$AAPL TOP 20

Added 2024-01-28 20:19:24 +0000 UTC

Preliminary orders have come in for $AAPL's VR headset and they are apparently well ahead of expectations. A headset that costs in excess of $3500...this will substantially improve revenue expectations...so this is something I am waiting to hear from $AAPL from this week's earnings report.

The chart is also looking interesting here now too.

Their pull back since the start of the year was likely Subwave 2 and this is confirmed if we get a break above the previous high above the ATH line.....if this is the case and I think it is, then the 1.618 Fib is all the way at $234 for Subwave 3...which is higher than we had originally expected, so Wave 5 can complete all the way up to the $247 target at the 2 Fib.

Meaning there is 20% still available here if $AAPL continues to behave in this well structured manner.

I said last week that buying $AAPL on the 200 Day MA at $177 was as straightforward as you'll get and an obvious buy, this was correct, along with $GOOG, so if you have a position here with $AAPL, it is worth holding your position if a new high is made here because there is still a lot of upside available.