Apple’s stock is up about 20% in the past three months, within the last year the stock is up 55%. I think that AAPL is going much higher and I want to be in the stock to make money off of it as it accelerates growth with its current strategy.
If traders are going to decide whether they should buy Apple stock or not based on the monthly graph and particularly the Fibonacci levels, they should use the 61.8% level to set their stop loss order.
Disclaimer: I have no positions in any stocks mentioned and no plans to initiate any positions within the next 72 hours. Jim entered the financial world by trading sports and now invests in US stock markets and forex, trying to buy low and sell high.
TradingView allows reposting trading ideas to StockTwits, the Twitter-like platform of financials. In fact Apple share price has already dropped significantly since the all-time high of $700.


Apple stock has been trending upwards since at least 2009 after a corrective drop in 2008 – during the financial meltdown in US. Apple shares increased their value by 600% with minor pullbacks and retracements along the way.
And if indeed they buy the low of a retracement, the question “should I buy Apple stock” will quickly transform into “when should I sell Apple stock”! In all honesty, AAPL stock did drop below $400, so I didn’t pick the lowest low for that matter.
My reasoning for continuing to buy AAPL is because of their growth in China and their pipeline of products they are set to release in the US. But if you are aiming for a 20% gain that would push Apple stock price to the latest support level (now resistance), the weekly stock graph would be the appropriate chart to be trading on.
On the other hand, Apple shares do trade close to $500 nowadays, well above the first suggested profit target (480).


Stock splits increase the amount of outstanding shares and their main objective is to entice investors to buy the stock who thought the stock was too expensive at $646 a share. There's more to the story than excitement about the iPhone 6 and 6 Plus as well as Apple Pay and the upcoming Apple Watch. The addition of Angela Ahrendts, formerly the CEO of Burberry (BURBY), as the head of Apple's retail efforts also has been a good move.



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