“Some say Apple is headed to $200 in a year,” Ken Goldberg writes for TheStreet. “Technical analysis says otherwise. In fact, quite the opposite.”
“Back in July, the decision support engine warned to exit Apple shares while they still enjoyed triple digit pricing status. Within a month, share prices fell from the 125-zone to the August 24 low near 90,” Goldberg writes. “They’ve bounced nicely since, but are not done fulfilling their destiny, which includes a probing of the 75 +/-5 area, with growing probability that 60 +/-5 will be seen.”
Goldberg writes, “The Apple is about to fall farther from the tree than it did at the August harvesting.”
Read more in the full article here.
MacDailyNews Take: $60? We’d certainly back the truck up for that.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]