Apple's Historic Market Cap And Why It Could Go Higher
Chris Kimble | Nov 25, 2014 11:27PM ET
Apple Inc (NASDAQ:AAPL) broke through the $700 Billion valuation in market cap yesterday, a level not too many stocks have ever historically reached.
Apple could add another $175 in market cap if this is hit: Two weeks ago today the Power of the Pattern shared that 30-year and Fibonacci channel resistance come in to play at the $150 price zone. The top chart highlights that Channel resistance (1) and Fibonacci extension 161% (drawn off the 2008 lows/2012 highs), both come into play around the $150 level. Should Apple hit this price zone, it would be worth $875 Billion!
Stay tuned, this could make Apple shareholders and Carl Icahn happy campers to say the least.
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