Apple will hit $545 to $570 after bearish-to-bullish reversal: analyst
Buy on the dips and be happy over next 24 months.
Ahead of Apple’s iPad event on Tuesday, a technical analyst says the tech giant’s stock soon could rally to a range of $545 to $570. Carter Braxton Worth, chief market technician at Oppenheimer Asset Management, makes this prediction based on Apple looking like a “bearish-to-bullish reversal buy.” The “prospective completion” of the pattern “implies a move to the $545-570 range” for Apple, he wrote in his note.
Just bought at $520. You know we're going to open close to $530 tomorrow and ht $550 sometime on Wednesday. Better late the sorry and I'd rather make my move now then wait and miss a 20% jump in this stock over the next few days.