“Apple (AAPL) is no more than one or two days away from kicking-off a massive move of epic proportions,” Andy Zaky writes for Seeking Alpha.
“People are going to look back at this time as being a pinnacle moment in Apple’s history, matching the other major moments of July 2006, July 2007, March 2009, August 2010 and June 2011,” Zaky writes. “Each of those months marked either a major turning point or the beginning of a massive move for Apple.”
Zaky writes, “At the current moment, an enormous symmetrical triangle is forming on Apple’s 60-minute chart. This indicates an immediate move up to the $430 level on a short-term basis on a breakout. I believe Apple could trade above $430 just before or after its fiscal Q4 earnings which are due out near the end of October.”
“Bullish Cross is not yet confident enough to initiate its rare and extremely proficient buy rating. But we think that it’s pretty darn close to call, and if it weren’t for market uncertainty, we would be initiating a buy rating and an October $430 price-target,” Zaky writes. “The fact that we’re even willing to discuss the idea of a buy rating means we feel pretty strongly that Apple will soon be making a massive breakout the upside.”
Read much more in the full article here.
[Thanks to MacDailyNews Reader “Ellis D.” for the heads up.]