Apple: $150 Upside Target Still In Play
Chris Kimble | Feb 23, 2015 11:32PM ET
The Power of the Pattern shared less than a month ago that Apple could reach the $150 (see post here).
At the time of the post, Apple (NASDAQ:AAPL) was trading around $109 per share. Less than a month later after that posting, Apple has rallied around 20%. The Power of the Pattern has felt the $150 price was the upside target even back in November of 2014 (see post here).
Should the read be correct, the Power of the Pattern suggests that dual resistance (30-year channel resistance and Fibonacci 161% Extension) both meet at the $150 level. Investors might want to protect gains in Apple at this potential resistance zone!
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