Here’s What Apple Stock Needs To Hit To Be Worth $3 Trillion

TheStreet2021-12-29

Apple (AAPL) stock is again back in the spotlight on Tuesday. Not that it’s hard for the tech giant to find itself there, but it comes as the stock makes another push back to the $3 trillion market ...

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Comments

TSY123
2021-12-29
TSY123
Good
Shinobi369
2021-12-29
Shinobi369
13.75
Grit100
2021-12-29
Grit100
Ok
- Grit100:
  .
Blake316
2021-12-29
Blake316
[Cool]
MrTig3r
2021-12-29
MrTig3r
power
HENRYCSC
2021-12-29
HENRYCSC
💪

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However, that set up a pretty sweet bounce play that has been paying traders pretty well over the past few days.\nAt the risk of over-saturating our Apple discussion, how do the charts look now as it makes another push back up toward this key zone?\nTrading Apple Stock\nDaily chart of Apple stock.Chart courtesy of TrendSpider.com\nApple’s powerful bounce off the 21-day moving average and rotation up through the 10-day has given the stock new life.\nHowever, this $180 zone has been tricky thus far. One will notice how the stock tested up into this area on Tuesday and then struggled.\nIt’s not unlike what we’re seeing with Meta (MVRS), although admittedly, the stock is not trading at all-time highs.\nFrom here, bulls want to see a push up through the all-time high, at $182.13. 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A break of this level puts the 21-day moving average back in play again, but it would be much healthier for the former to hold as support and for the latter to not be tested.\nIn either scenario — the breakout or the pullback — investors will ultimately be looking for $3 trillion and new all-time highs eventually.\nWhen Apple gets there — not if — it will have longer-term bulls sniffing for the $188 to $194 area, where the stock finds multiple upside extension levels.\nAbove $195 and the obvious is in play: 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