Bitcoin price today: muted at $118k but altcoins soar as House passes new bills
The recovery from the post-earnings dip in July is officially complete for Apple (AAPL).
On Monday, August 6th, AAPL broke out from a short trading range defined at the bottom by the psychologically important $600 level and at the top by the April post-earnings high.
This breakout symbolizes the neutralization of whatever worries prevented buyers from taking AAPL higher after April’s earnings and motivated sellers to take down AAPL after July earnings.
Fresh all-time highs are now well in sight for AAPL. Once (if?) those break, the stock will return to that “happy place” where almost every person holding onto a share of AAPL stock is profitable. The dissipation of selling interest and increase in buying pressure should propel AAPL higher at a swift clip.
Full disclosure: long AAPL calls
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.