From our January 14th blog posting, entitled Recent Price Action Suggests AAPL Has Worms:
“a recent major bearish trend change in AAPL (Apple Computer) clears the way for an eventual 19% decline to the next support level at $423 to $405 per share.”
* AAPL closed at $502 that day, and subsequently collapsed by another $117 per share or 23% to $385 on April 19th.
From our March 13th blog posting, entitled AAPL Meets Our $420 January Downside Target:
“AAPL met our $420 target on March 4th to capture a 104 point, 20% decline since our initial bearish call was made in our January 10th US Financial Market Chart Book. Looking ahead, meaningful rebounds in the price of an asset often occur from underlying support levels, once existing downside price targets have been met, which is precisely the environment that AAPL finds itself in now.”
* AAPL has since rebounded as expected, by $81 per share or 21%, between April 19th and May 7th.
Our most recent research (access requires subscription) now suggests the potential for an additional 13% to 18% advance in AAPL.
Interested investors can request further information about our research, including services and pricing, by clicking here and completing the on-line form or by calling us at 1-888-960-0005.