AAPL is becoming the unstoppable 250,000 ton super-tanker.
Everyone can see it still crawling up, day after day...after day, and many do understandably fear to chase it, but the higher it goes..the more fear those same investors have...of missing out.
AAPL, daily, near term
Good support on the 10MA at 601...upper bol allows 640 at any time in the next week or so.
650s by early April seem viable. I guess if 'better than expected' earnings in April, and if SP >1450, then AAPL could easily be in the low 700s. Yeah, 700s. Yet, as repeatedly noted, relative to the main market, AAPL would need to be $900/1000 just to be on equal terms with other company valuations.
Yet, is AAPL not one of the better companies out there? If so, then it would by definition deserve a rating better than the average, implying $1100/1300 later in the year.
Maybe if they do hit the big $1000, they will do a 5 for 1 stock split. Its something AAPL should have done when it first passed $300.