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Apple breaks through the $700 Billion in market cap value today, a level not too many stocks have ever reached in history! Apple could add another $175 in market cap if this is hit! Two weeks ago today the Power of the Pattern shared at See It Markets, that 30-year and Fibonacci channel resistance come into play at the $150 price zone. (See Post here)
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!
