$AAPL TOP 20
Added 2023-05-07 13:10:15 +0000 UTCLetting the chart do the talking is important here, in spite of this ascending wedge, shallow pull back to the 0.38 Fib (although valid), this has been following the green impulse wave and it is above the resistance lines that have held this within the yellow channel since the start of 2022. The 50 day MA has crossed the 200 Day MA, earlier than many of our other charts in our Top 20 List, which shows the strength this has had.
Large share buy back and an increased dividend has gone down very well with the market and Buffet was singing $AAPLs praises during Berkshires 2023 AGM, so this may get another bump next week too.
So What now?
Possibly the only catalyst that could derail this would be a catastrophic development in the banking sector...that being said, maybe lately, the issues in the banking sector may have strengthened this as a haven. Analysts have given their price targets for $AAPL and they are in line with our Wave 3 target. For me, this is not at a price where I would consider starting a position.
